First Home Buyer

“Should Malaysians Buy or Rent? Weighing Rising Rental Costs and Mortgage Options in 2024”

Buy with a Loan or Rent? Rising Rental Costs and Mortgage Options for Malaysians in 2024 As rental prices in Malaysia's urban centers continue to rise, Malaysians increasingly face the choice of buying or renting their homes. Programs like the “My First Home Scheme” and recent adjustments to interest rates have made financing more accessible, making homeownership attractive for many. But is buying...

Housing Credit Guarantee Scheme (SJKP) to Assist 20,000 First-Time Home Buyers in Malaysia

The recent Budget 2025 announcement introduced significant support for Malaysia’s aspiring homeowners. Under the RM10 billion Housing Credit Guarantee Scheme (SJKP), 20,000 first-time home buyers will receive financial assistance, particularly those who often face hurdles in securing home loans, such as gig workers and recent university graduates. Housing and Local Government Minister Nga Kor Ming...

Planning for Your First Home: Considerations Beyond the Budget

Are you ready to take on the exciting journey of purchasing your first home? It's a significant step that requires careful consideration not only of your budget but also your long-term goals and financial readiness. Let's explore some key factors to keep in mind as you embark on this path. 1. Future-Proofing Your Home: Your home should cater not only to your current needs but also your future plans. Take...

5 Crucial Considerations for First-Time Property Buyers in Their Late 20s or Early 30s

If you're in your late 20s or early 30s and contemplating your first property purchase, it's vital to tread carefully to avoid costly missteps. To help you make an informed decision, here are five crucial factors to keep in mind: 1. Define Your Purpose Determine whether you're purchasing a property as a primary residence or as an investment. Consider whether you'll be living alone, with family, or if you...

MOF Extends Stamp Duty Exemption for First-Time Homebuyers in Government’s Latest Move

First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given for first-time home ownership for houses priced at between RM500,000 and RM1 million under the...