Page 139 - Malaysia Baharu 2018
P. 139
STRATEGY 7 : 6 | MALAYSIAN ECONOMY
Raising Real Disposable Income
Housing for all
Continue to support the construction and completion of affordable homes
for “Program Perumahan Rakyat, Perumahan Penjawat Awam Malaysia,
Perumahan Rakyat 1 Malaysia (PR1MA) and Syarikat Perumahan Negara
Bhd” (RM1.5 billion).
A fund associate with affordable homes will be established by Central Bank
of Malaysia (RM1 billion).
~ To assist the lower income group earning not more than RM2,300 per month to
own a house for the first-time.
~ To purchased affordable homes priced up to RM150,000.
~ The fund will be made available at participating financial institutions namely
AmBank, CIMB Bank, Maybank, RHB Bank and BSN through a concessionary
financing rate as low as 3.5% per annum.
~ The fund is available for two years or until the allocation is exhausted.
The Government will exempt stamp duty up to RM300,000 for first-time
home-buyers purchasing residential properties priced up to RM500,000.
~ On the instrument of transfer and the loan agreement for a period of two years
until December 2020.
The Government will allocate (RM25 million) to Cagamas Berhad to provide
mortgage guarantees to enable borrowers to obtain higher financing from
financial institutions including down payment support.
~ For first-time home buyers with household income of up to RM5,000 per month.
The Public Sector Housing Financing Board will extend the loan repayment
period.
~ To assist civil servants in acquiring their homes.
~ The first loan repayment period from 30 to 35 years.
~ The second loan repayment period from 25 to 30 years.
The Government will allocate (RM400 million) for the upgrading, repair and
maintenance of the police, armed forces and teachers quarters.
Exemption from SST on the construction and building materials.
~ The government secured the commitment from the Real Estate Housing
Developers Association (REHDA) that there will be a 10% reduction in the price
of houses that are not subjected to price control in new projects.
137
Raising Real Disposable Income
Housing for all
Continue to support the construction and completion of affordable homes
for “Program Perumahan Rakyat, Perumahan Penjawat Awam Malaysia,
Perumahan Rakyat 1 Malaysia (PR1MA) and Syarikat Perumahan Negara
Bhd” (RM1.5 billion).
A fund associate with affordable homes will be established by Central Bank
of Malaysia (RM1 billion).
~ To assist the lower income group earning not more than RM2,300 per month to
own a house for the first-time.
~ To purchased affordable homes priced up to RM150,000.
~ The fund will be made available at participating financial institutions namely
AmBank, CIMB Bank, Maybank, RHB Bank and BSN through a concessionary
financing rate as low as 3.5% per annum.
~ The fund is available for two years or until the allocation is exhausted.
The Government will exempt stamp duty up to RM300,000 for first-time
home-buyers purchasing residential properties priced up to RM500,000.
~ On the instrument of transfer and the loan agreement for a period of two years
until December 2020.
The Government will allocate (RM25 million) to Cagamas Berhad to provide
mortgage guarantees to enable borrowers to obtain higher financing from
financial institutions including down payment support.
~ For first-time home buyers with household income of up to RM5,000 per month.
The Public Sector Housing Financing Board will extend the loan repayment
period.
~ To assist civil servants in acquiring their homes.
~ The first loan repayment period from 30 to 35 years.
~ The second loan repayment period from 25 to 30 years.
The Government will allocate (RM400 million) for the upgrading, repair and
maintenance of the police, armed forces and teachers quarters.
Exemption from SST on the construction and building materials.
~ The government secured the commitment from the Real Estate Housing
Developers Association (REHDA) that there will be a 10% reduction in the price
of houses that are not subjected to price control in new projects.
137
