Homes for those earning less than RM3,000

By Minderjeet Kaur, NST

The “My First House Scheme” for individuals who earn less than RM3,000 a month and are first-time house buyers will start on Jan 1. Those interested will pay a minimum sum of RM250 to fill up a form, take the keys and move in the next day, said Syarikat Perumahan Negara Bhd (SPNB) chairman Datuk Idris Haron.

“Checks will be done to verify if they are a first-time buyer,” he said after launching HIFI (Helpful, Informative, Friendly and Immediate) work culture event for his staff yesterday.

He added the programme would be carried out through Cagamas Bhd as announced by Prime Minister Datuk Seri Najib Razak during the 2011 budget.

Under the scheme, first-time home buyers will get 100 per cent home loan financing for residential property priced below RM220,000.

The 10 per cent down-payment will be guaranteed by Cagamas Bhd, said Idris.

“Previously, the scheme was open to families whose household income was below RM3,000,” he said.

As for next year, some 6,300 units nationwide will be up for grabs under this programme.

“We are taking the lead in offering this scheme,” he added.

Those who are not eligible for the scheme, Idris said would be given discounts of between 10 and 30 per cent on SPNB’s other units, depending on the location.

Idris said despite building houses worth RM220,000, the company would continue to build homes costing less than RM100,000.

SPNB, a company under the Finance Ministry is responsible for building affordable and comfortable homes through two housing programmes — Rumah Mampu Milik Programme and Rumah Mesra Rakyat Programme.

It is also responsible for reviving abandoned housing projects and for building government quarters and a special housing project.

Idris said the most sellable properties were homes under the Rumah Mesra Rakyat, which targets families with an income lower than RM18,000 a year.

Their target group were farmers, fishermen and single parents.