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6 Apr 2016 – MyDeposit Scheme

The MyDeposit scheme was launched by Prime Minister Datuk Seri Najib Razak, it aims to help the middle-income group in purchasing their first homes, and it also provides incentives for developers of affordable homes. There are RM200 million allocated for the scheme, estimated at least 6,666 applicants benefiting from the scheme.

Discounts of up to RM30,000 would also be allocated by the government for these house buyers under the MyDeposit, also known as the First Home Deposit Scheme.