First home buyer enjoy RM200 off per month as incentive from Youth Housing Scheme (Skim Perumahan Belia). It’s a good news for those who plan to buy a house this year. Youth Housing Scheme is open for application until 31 December 2021. This scheme is supported by government of Malaysia under MyHome BSN.  allow young people to receive a monthly house installment incentive of RM200. The program mainly designed to help young people to take  the first step to own a property.

Government offers financing for property as below:

  • Completed
  • Under construction
  • Sub-sales property

  • 100% housing loan cover
  • 100% exemption on stamp duty on Sales & Purchase Agreement and Loan agreement up to maximum property value RM300K. (For example, if the property price is RM500K, the first RM300K is exempted for the stamp duty charges. Buyer need to pay the stamp duty based on the balance of RM200K )
  • can include the cost for MRTA/ MRTT in the loan amount, maximum 5% based on the property price
  • RM200 monthly incentive support from government in the first 2 years

  • Malaysia Citizen
  • 21-45 years old
  • Single or Married
  • First time buyer
  • Applicant must own a BSN Giro / Giro-I account
  • Household income below RM10,000 per month
  • Property price between RM100K to RM500K

Mandatory documents

  • Application form from MyBSN
  • NRIC
  • Stamped Sales & Purchase Agreement

Attached with the following documents:
1) Under employment

  • Latest copy of 3 months’ salary slip
  • Copy of 3 months’ bank statement
  • Latest  6 months’ bank statement (if any other income)
  • Latest EPF statement
  • Employment confirmation letter / HRMIS (Government servant)
  • Side income documents

2) Under Self Employed

  • Company’s registration certificate (SSM)
  • B/BE Form + LDHN receipt
  • Company’s financial statement
  • 6 months’ company bank statement

Interest rate from BSN (Program Perumahan Rakyat)

Source: BSN website, extracted on: 19 July 2021

How to Apply:

Check For New Property Below RM500K:

  1. Rumah Selangorku

Rumah Selangorku is a housing scheme designed to support the low-income and middle-income citizens of Selangor. The initiative is led by Lembaga Perumahan dan Hartanah Selangor (LPHS), the state’s own housing organisation. It was first introduced in 2014, and is designed to encourage and support developers to produce affordable houses. These properties will align with the organisation’s goal of building quality homes to meet the accommodation needs of local citizens in an affordable way.

Click here to read more

2. Youth City @ Bandar Baru Nilai, Negeri Sembilan

Vision City, it is a state-of-art multifaceted development, which made up of four major developments.

It will be a 50-acre project with build-up area up to 10 million square feet, consisting of office buildings, luxurious condominiums, hotel, shopping complexes, business districts, educational hub, roof top gardens and many other 5 star graded facilities.

It is a freehold land project, located in Putra Nilai ,  50 acre mixed development that will be the 1st urban city in Nilai, Negeri Sembilan. The development comprises residential units, a theme park, an International Convention Centre, a mall, and 3 universities.

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3. Landed House at Taman Bakti YNS, Nilai

Affordable landed house at Taman Bakti YNS is planned under management of  Yayasan Negeri Sembilan (YNS). Total 100 acres of land planned with 1000 units of affordable housings, including single-storey terrace, double storey terrace, school, library, recreational park, halls and shop lots. A low density township with facilities ready built when move in.

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4. Landed House at Sg. Yu, Kuala Selangor

Affordable landed house at Sungai Yu, Kuala Selangor. It’s consists of  nearly 500 units of one and 1.5 storey of landed houses built on the leasehold land. Built up from 750 sq ft to 1100 sq ft.
Price from RM239K.

Click here to read more

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