MyDeposit Malaysia & First Home Buyer Schemes 2026
MyDeposit (Program MyDeposit) is currently suspended. The scheme stopped accepting new applications after October 2021. The Ministry of Housing (KPKT) is exploring a reintroduction, but no timeline has been announced. If you need help now, read on — several active schemes can help.
This guide covers what MyDeposit was, how it worked, and which first home buyer schemes in Malaysia are still active in 2026.
What Was MyDeposit?
MyDeposit (Skim Deposit Rumah Pertama) was a one-off government grant that helped first-time buyers cover their 10% down payment. It was administered by Jabatan Perumahan Negara (JPN) under KPKT.
The grant covered 10% of the property purchase price, capped at RM30,000. Between its launch and October 2021, MyDeposit approved RM86.4 million in assistance for 3,105 families.
Why was it stopped? The government suspended it to redesign with a more sustainable financing model. KPKT has hinted at a revised version — no date confirmed as of 2026.
MyDeposit Original Eligibility (for reference)
- Malaysian citizen, aged 21+
- First-time home buyer (per household)
- Gross household income ≤ RM10,000/month
- Eligible for a Malaysian bank home loan
- Buying residential property priced RM80,000–RM500,000
- Property must NOT be a government-subsidised project (not PR1MA, PPR, etc.)
Key restriction: 10-year resale moratorium — the property could not be sold or rented for 10 years from the S&P Agreement date.
Active First Home Schemes in 2026
While MyDeposit is suspended, these schemes are currently active:
1. My First Home Scheme (Skim Rumah Pertamaku — SRP) ✅ Active
What it does: 100% home financing — no down payment required. Government provides a 10% loan guarantee so banks can offer full financing.
- Income limit: RM5,000/month gross
- Property price: Up to RM500,000
- Resale restriction: None
- How to apply: Via any participating bank (Maybank, CIMB, RHB, Public Bank, etc.) — tell them you want Skim Rumah Pertamaku
Best for: Lower-income first buyers who cannot afford any down payment.
2. PR1MA (Perbadanan PR1MA Malaysia) ✅ Active
What it does: Government-subsidised housing units at below-market prices in specific locations. You buy the unit at a subsidised price.
- Income: RM2,500–RM15,000/month (household)
- Property price: RM100,000–RM400,000 (subsidised)
- Resale restriction: 5 years
- How to apply: pr1ma.my
3. Residensi Wilayah (formerly RUMAWIP) ✅ Active — WP only
What it does: Affordable subsidised housing for Wilayah Persekutuan (KL, Putrajaya, Labuan) residents and workers.
- Income: ≤ RM10,000/month (household)
- Property price: RM63,000–RM300,000
- Resale restriction: 10 years
- How to apply: Ballot when new projects open — check residensiwilayah.com.my
Best for: Anyone living or working in KL/WP who wants very affordable housing.
4. Rumah Selangorku ✅ Active — Selangor only
What it does: Selangor state affordable housing with four tiers (Types A–D) at subsidised prices.
- Income: RM3,000 (Type A) to RM15,000 (Type D)
- Property price: RM42,000 (Type A) to RM250,000 (Type D)
- Resale restriction: 5 years
- How to apply: rsmy.lphs.gov.my
5. Stamp Duty Exemption (Always On) ✅ Active
First-time buyers purchasing homes up to RM500,000 get full stamp duty exemption on the SPA automatically. Your conveyancing lawyer applies this — just confirm you're a first-time buyer when signing.
Side-by-Side Comparison
| Scheme | Type of Help | Income Limit | Property Price | Resale Lock | Status |
|---|---|---|---|---|---|
| MyDeposit | 10% deposit grant (max RM30k) | RM10,000/month | RM80k–RM500k | 10 years | Suspended |
| My First Home (SRP) | 100% loan, no down payment | RM5,000/month | Up to RM500k | None | Active |
| PR1MA | Subsidised unit price | RM2,500–RM15,000 | RM100k–RM400k | 5 years | Active |
| Residensi Wilayah | Subsidised unit price | RM10,000/month | RM63k–RM300k | 10 years | WP only |
| Rumah Selangorku | Subsidised unit price | RM3k–RM15k | RM42k–RM250k | 5 years | Selangor only |
| Stamp Duty Exemption | No stamp duty on SPA | Any | Up to RM500k | None | Always on |
Quick guide:
- Earning under RM5,000/month, cannot afford a down payment → SRP
- Buying in KL/WP → Residensi Wilayah ballot
- Buying in Selangor → Rumah Selangorku
- Any first-time buyer under RM500k → Stamp Duty Exemption (combine with any other scheme)
Pro Tips for First-Time Buyers
1. Check CCRIS and CTOS before applying
Banks will run a credit check. Get your free CCRIS report from BNM's eCCRIS portal and free CTOS Self Check before approaching any bank. Fix errors or settle outstanding debt first.
2. Calculate your DSR (Debt Service Ratio)
Malaysian banks cap total monthly debt at 60–70% of gross income. Car loans, personal loans, PTPTN repayments — they all count. If your DSR is too high, reduce existing debt before applying.
3. Consider PTPTN restructuring
Still repaying PTPTN? The monthly payment counts toward your DSR. Apply to reduce your monthly PTPTN payment before submitting your home loan application if needed.
4. Budget for ALL upfront costs
The down payment is just the start. On a RM400,000 property, total upfront costs beyond the down payment can reach RM15,000–RM25,000:
- Legal fees (SPA): 0.5–1% of property price
- Loan agreement legal fees: similar range
- Valuation fee: RM300–RM500
- Booking fee: RM1,000–RM5,000
- MRTA/MLTA mortgage insurance
5. Use EPF Account 2 for your down payment
You can withdraw your KWSP Akaun 2 (and Akaun Fleksibel) balance for housing. This can cover the down payment, legal fees, and renovation costs. Apply via EPF's i-Akaun portal.
FAQ
Is MyDeposit coming back?
As of March 2026, no confirmed date. KPKT is studying a revised version. Watch kpkt.gov.my for updates.
Can I combine SRP with stamp duty exemption?
Yes. The stamp duty exemption is a separate tax relief and can be stacked with SRP or any other scheme. You cannot stack two subsidy schemes (e.g., PR1MA + Residensi Wilayah) for the same purchase.
My spouse owns property. Am I still a first-time buyer?
For most schemes, eligibility is per household. If your spouse already owns property, you are typically not considered a first-time buyer as a household. Check each scheme's specific rules.
I earn RM5,001/month — just over the SRP limit. What are my options?
PR1MA (income band RM2,500–RM15,000), Residensi Wilayah or Rumah Selangorku (if in those states), or a standard home loan with stamp duty exemption.
What is the minimum down payment in Malaysia?
First residential property: 10%. Second property: 30%. SRP exception: 0% for income ≤ RM5,000/month.
Full guide with interactive details at Sorted — free Malaysian life admin guides.
Disclaimer: Information as of March 2026. Scheme terms change with Budget announcements. Always verify with KPKT, JPN, BNM, or the relevant agency directly.
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