Malaysia First-Home Schemes 2026: SRP, PR1MA, MyDeposit and Which One You Actually Qualify For
On this page
Malaysia has several programmes that help first-time and lower-income buyers own a home — through higher financing, price-capped units, or tax relief. Here is what each does. Eligibility and figures change with each budget, so treat this as a map and confirm current terms.
Skim Rumah Pertamaku (SRP / My First Home)
A government-backed guarantee (via SJKP) that lets eligible first-time buyers obtain higher financing — historically up to 100%+ — so you can buy with little or no down payment, within income and property-price limits.
PR1MA
Affordable homes for the middle income (M40) built by Perbadanan PR1MA, typically for households earning within a set monthly band and priced in an affordable range. Allocation is by application and ballot.
State schemes — Rumah Selangorku & others
States run their own affordable-housing programmes with income caps and price tiers — e.g. Rumah Selangorku in Selangor. Other states have equivalents; check your state housing board.
RUMAWIP / Residensi Wilayah
For the Federal Territories (KL, Putrajaya, Labuan): price-capped homes for households within an income ceiling, allocated by application.
Stamp-duty relief for first homes
First-home buyers have repeatedly received stamp-duty exemptions (full or partial) on the transfer (MOT) and loan instruments up to set price ceilings. This is renewed and adjusted in the national budget — confirm the current relief and ceiling before you buy. Estimate your duty in the stamp duty calculator.
How to choose
- Want to buy on the open market with little down payment → look at SRP-style financing guarantees.
- Want a price-capped affordable unit → PR1MA, your state scheme, or RUMAWIP.
- Either way, factor relief into the true cost of buying.
Scheme eligibility, income bands, price caps and stamp-duty relief are set by federal and state government and change frequently — always verify on the official scheme site before applying.
New to all this? Start with the first-time buyer guide.
Frequently asked questions
What government housing schemes are available for first-time buyers in Malaysia?
The main federal schemes are: (1) Skim Rumah Pertamaku (SRP) — 100% financing for household income up to RM10,000/month, properties up to RM500,000. (2) PR1MA — below-market housing for household incomes RM2,500–RM15,000/month, properties RM100,000–RM400,000. (3) MyDeposit — government deposit matching up to RM30,000 for properties RM150,000–RM500,000. States also run their own schemes — check your state housing board.
How does Skim Rumah Pertamaku (SRP) work?
SRP provides a 100% loan guarantee through Cagamas (Malaysia's national mortgage corporation), allowing first-time buyers to borrow the full purchase price without a 10% down payment. Eligibility: Malaysian citizen, first property, residential only, household income ≤RM10,000/month (joint) or ≤RM5,000 (single), property price RM100,000–RM500,000. Apply through a participating bank — major banks including Maybank, CIMB, RHB and others participate.
What are the eligibility requirements for PR1MA?
PR1MA is a federal housing developer offering below-market residential properties to Malaysians. Eligibility: Malaysian citizen, household income RM2,500–RM15,000/month, no other residential property owned. Property prices are typically RM100,000–RM400,000. Key restriction: PR1MA properties cannot be resold on the open market for 10 years from purchase date — they can only be sold back to PR1MA or to another PR1MA-eligible Malaysian.
How does MyDeposit work and who qualifies?
MyDeposit is a government scheme where KPKT matches the buyer's deposit for a first home purchase. The government contributes up to RM30,000 (matching what the buyer puts in, up to this cap). Eligibility: Malaysian citizen, first-time buyer, household income ≤RM10,000/month, property price RM150,000–RM500,000. The scheme opens in application batches — applications are submitted through the KPKT portal when a new round is open. Check the KPKT website for currently active rounds.
Can I combine government schemes — for example, SRP with MyDeposit?
Some combinations are possible. SRP (100% financing, no down payment) and MyDeposit (deposit matching) serve different needs and may not be combinable in the same transaction. Generally, you cannot claim two schemes for the exact same portion of a purchase. However, SRP financing and state-level assistance (like Rumah Selangorku or RUMAWIP) may be available in combination — check with the participating bank and the scheme administrators for current rules.
Are there state-level first-home schemes in Malaysia?
Yes. Every state has programmes alongside federal schemes. Key examples: Selangor's Rumah Selangorku (below-market residential with income and price categories), Kuala Lumpur's RUMAWIP (residential properties for Wilayah Persekutuan residents), Johor's RSKU (Rumah Selangorku equivalent), and Penang's affordable housing quota. State schemes vary significantly in income limits, property types and availability — check your respective state housing board website.
What is the process for applying to a government housing scheme?
The process varies by scheme. For PR1MA: register and apply on prima.com.my, then bid in balloting rounds for specific projects. For MyDeposit: apply on the KPKT portal during an open application window. For SRP: approach a participating bank directly and apply with your standard loan application documents — the bank handles the Cagamas guarantee process. State schemes each have their own portal or application office.
Do government scheme properties have resale restrictions?
Yes, most do. PR1MA properties cannot be sold on the open market for 10 years. Some state scheme properties similarly restrict resale to ensure they remain in the target affordability bracket. Before purchasing under any scheme, understand the restriction — if your career, family or financial situation changes and you need to sell within the restriction period, your options are limited.
Sources
Get Malaysian property insights
A weekly digest — guides, market news & buyer demand. No spam, unsubscribe anytime.
Ready to co-broke smarter?
Join free as a verified agent →Related reading
Explore by topic