Page 85 - Official Year Book 2019
P. 85
ATEGY 11
Promoting Access to Housing
The Government will extend the Youth Housing Scheme
administered by Bank Simpanan Nasional (BSN) from
1 January 2020 until 31 December 2021.
• The scheme also offers a 10 percent loan guarantee through
Cagamas to enable borrowers of full financing and RM200
monthly instalment assistance for the first two years
limited to 10,000 home units.
Improving Real Property Gain Tax (RPGT) treatment by
revising the base year for asset acquisition at 1 January 2013 for
asset acquired before 1 January 2013.
Fund for Affordable Homes. Maintenance of Low and Medium Cost Strata Housing.
To address those who are unable to afford the initial 10 percent RM100 million for the repair and refurbishment of these
deposit and access to financing in purchasing their homes, housing, to ensure lifts, electrical wiring, sanitary pipes and
the Government will collaborate with financial institution in roofing are safe and in good working order.
introducing Rent To Own (RTO) financing scheme. RM15 million to the Safe City Initiative (Bandar Selamat)
Financing of up to RM10 billion will be provided by the an in collaboration with local authorities to provide outdoor
financial institutions with the support from the Government lighting, parking with security features for motorcycles, anti-
via a 30 percent or RM3 billion guarantee. climb fences, and safety advocacy programmes.
Lowering the threshold on high rise property prices in
urban areas for foreign ownership from RM1 million to
RM600,000.
MALAYSIA BAHARU 2019 Official Year Book 73
Promoting Access to Housing
The Government will extend the Youth Housing Scheme
administered by Bank Simpanan Nasional (BSN) from
1 January 2020 until 31 December 2021.
• The scheme also offers a 10 percent loan guarantee through
Cagamas to enable borrowers of full financing and RM200
monthly instalment assistance for the first two years
limited to 10,000 home units.
Improving Real Property Gain Tax (RPGT) treatment by
revising the base year for asset acquisition at 1 January 2013 for
asset acquired before 1 January 2013.
Fund for Affordable Homes. Maintenance of Low and Medium Cost Strata Housing.
To address those who are unable to afford the initial 10 percent RM100 million for the repair and refurbishment of these
deposit and access to financing in purchasing their homes, housing, to ensure lifts, electrical wiring, sanitary pipes and
the Government will collaborate with financial institution in roofing are safe and in good working order.
introducing Rent To Own (RTO) financing scheme. RM15 million to the Safe City Initiative (Bandar Selamat)
Financing of up to RM10 billion will be provided by the an in collaboration with local authorities to provide outdoor
financial institutions with the support from the Government lighting, parking with security features for motorcycles, anti-
via a 30 percent or RM3 billion guarantee. climb fences, and safety advocacy programmes.
Lowering the threshold on high rise property prices in
urban areas for foreign ownership from RM1 million to
RM600,000.
MALAYSIA BAHARU 2019 Official Year Book 73
