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First Time Homebuyers: 8 Government Aids You Should be Leveraging

2019 is probably not the best year for Malaysian Property Investors, especially with the changes in the Real Property Gain Tax (RPGT) policies. However, this year may spell good news for first time home buyers, with the stamp duty exemption for the first RM300k for homes priced up to RM500k, as well as for existing homes priced from RM300k to RM1 million. The Real Estate and Housing Developers’ Association (REHDA) has also made an agreement to slash new projects prices up to 10%, which is a great plus for the B40 and M40 group.

Our government understands this, and throughout the years has set policies and programs that help relieve the burdens of the B40 and M40 group when purchasing a new home. These are 8 government housing schemes or aids that you can consider applying for, and leverage in order to get a better deal out of your first home purchase.



With homes priced at around RM300k, it is easy to be wary and skeptical of the actual quality of these homes. Best rest assured that RUMAHWIP projects have reliable workmanship, and these homes are placed in really strategic locations around Kuala Lumpur, making them a substantial, reliable investment. When it comes to value for money, you can never go wrong with RUMAHWIP. The caveat is, you are only able to sell off the property after 10 years.

Target Audience: B40 & M40 groups residing and working in the Federal Territories (Kuala Lumpur, Putrajaya, and Labuan).

Properties Offered: Studio apartments and stratified homes with 2 or 3 rooms.

Income Requirements:

  •  Joint borrowers: Household income of no more than RM15,000 a month
  • Single borrowers: Household income of no more than RM10,000 a month



Perumahan Awam (PA) dan Projek Perumahan Rakyat (PPR) is by no means the only Rent-To-Own (RTO) scheme on the market, but it is very favourable for those in the B40 income group. However, there have been reports of syndicates posing as government officials, scamming
vulnerable people out of their down-payments which can range from RM5000 to RM8000. I highly suggest that applicants of this program to be wary of such attempts and do a thorough background check on these said officials beforehand.

Target Renters: Low-income groups residing or working in Kuala Lumpur. Only for married couples that do not own a home within 35km from the city centre.

Properties Offered:

  • Public Housing Units: Studio units, 1-3 room units
  • Medium low-cost houses

Income Requirements:

  • Low-cost homes: Household income of no more than RM3,000 a month
  • Medium low-cost homes: Household income of no more than RM4,000 a month


3. Rumah Selangorku

Property Insight has discussed in length of the Rumah Selangorku scheme in a past issue. But for those who do not know, Rumah Selangorku is a low-cost and affordable housing scheme offered by the Selangor Housing and Real Property Board (LPHS). Middle-income earners in Selangor can now own a property valued at no more than RM250k.

Properties Offered:

  • Type A: 700 sq.ft
  • Type B: 750-799 sq.ft
  • Type C: 800-899 sq.ft, 900-999 sq.ft, and 18×60 sq.ft
  •  Type D: 1000 sq.ft and 20×60 sq.ft

Income Requirements:

  • For Type A homes: Household income of no more than RM3,000 a month
  • For Type B, C, and D homes: Household income of RM3,001 to RM10,000 a month


4. Penang Affordable Housing Scheme (PMM)

PMM is a Penang State Government initiative in an effort to provide quality housing at affordable prices for Penangites. You must be a registered voter in Penang or have been residing in the area for more than 5 years in order to qualify for this program.

Types of Properties Offered:

  • Type A homes: max. price RM42,000
  • Type B homes: max. price RM72,500
  • Type C1 homes: max. price RM150,000
  • Type C2 homes: max. price RM200,000
  • Type C3 homes: max. price RM300,000

Income Requirements:

  • Type A homes: Household income of no more than RM2,500
  • Type B homes: Household income of no more than RM3,500
  • Type C1 homes: Household income of no more than RM6,000
  • Type C2 homes: Household income of no more than RM8,000
  • Type C3 homes: Household income of no more than RM10,000


5. Skim Rumah Pertamaku (SRP)

As a first time homebuyer, the SRP would probably be the most important scheme that we should keep an eye out for. This scheme offers up to 100% financing for residential units without needing to fork out the 10% down payment. The fact that this scheme is not limited by location, bundled together with the low eligibility requirements makes this scheme an attractive option for those who are interested in getting their very first home.

Target Buyers: First-time buyers under 40 years old working in the private sector can get 100% financing without having to pay a 10% deposit.

Properties Offered: Residential properties located in Malaysia, valued between RM100,000 to RM500,000.

Eligibility Requirements:

  • Under 40 Years Old Malaysian Citizen
  • Working in the private sector
  • Single borrowers: Gross income not exceeding RM5,000 a month
  • Joint borrowers: Gross income not exceeding RM10,000 a month


6. PR1MA

Now citizens can finally afford a quality home well under the RM400k mark in Klang Valley. PR1MA homes are open to all Malaysian with a monthly household income between RM2500 to RM15,000, and this program is not limited to first-time homebuyers only. You can apply for
PR1MA homes as long as you own no more than 1 property between you and your spouse.

Properties Offered:

  • 1 ½ storey terrace
  • Apartment
  • Bungalow
  • Clustered town
  • 2-Storey terrace
  • Semi-D
  • 1-Storey terrace

Income Requirements: Household income (single or joint borrowers) of RM2,500 to RM15,000


7. Housing Loan Scheme (SPP)

Housing Loan Scheme (SPP) is a housing loan facility provided to low income earning households, to build a house on their own land. Do note that you must own a piece of land in order to qualify for this program. This program aims to help the B40 group by providing financing of up to RM60,000 with a low-interest rate of 2%.

Types of Properties Offered: Provided that the land has enough space, this scheme comes with pre-determined floor plans for your home. Low-cost homes of 700-1000 sq.ft, with at least 3 bedrooms and 2 bathrooms, a living room, and a kitchen.

Income requirements: Household income between RM1,000 to RM3,000 a month.


8. Rumah Mesra Rakyat (RMR)

The RMR scheme is indirectly under the purview of Ministry of Housing and Local Government (KPKT), Managed by SPNB Mesra Sdn Bhd, this program aims to help low-income groups that have yet own a house but owns a piece of land. This scheme offers a government subsidy of up to RM20,000

Properties Offered: Single-storey house,1000 sqft, 3 bedrooms, 2 bathrooms

Eligibility Requirements:

  • Household income between RM750 to RM3,000 a month
  • Owns a piece of land no less than 2,800 sqft
  • First-time homebuyers

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