{"id":18332,"date":"2022-10-13T08:15:00","date_gmt":"2022-10-13T00:15:00","guid":{"rendered":"https:\/\/www.rakansarawak.com\/v3\/?p=18332"},"modified":"2022-10-14T07:28:08","modified_gmt":"2022-10-13T23:28:08","slug":"housing-deposit-assistance-scheme-to-support-b40-and-m40-home-buyers%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/www.rakansarawak.com\/v3\/2022\/10\/13\/housing-deposit-assistance-scheme-to-support-b40-and-m40-home-buyers%ef%bf%bc\/","title":{"rendered":"Housing Deposit Assistance Scheme to Support B40 and M40 Home Buyers\ufffc"},"content":{"rendered":"\n

– extracted and adapted from RAKAN Sarawak<\/strong><\/em> Januari-March 2022 –<\/h3>\n\n\n\n

First-time home owners from low- and middle-income groups in need of financial assistance can now consider applying for the Housing Deposit Assistance Scheme (HDAS).<\/p>\n\n\n\n

The scheme\u2019s introduction and implementation has been approved by Chief Minister YAB Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg under the 2022 State Budget and as part of the Sarawak Government\u2019s initiatives to ensure Sarawakians can afford to purchase and own their homes.<\/p>\n\n\n

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Affordable houses in Sarawak. Photo from Mutiara Mortgage & Credit Facebook page<\/figcaption><\/figure><\/div>\n\n\n

\u201c(The) Sarawak Government continues to intensify its efforts to provide affordable housing to the people, address end-financing issue among the low-income group and alleviate cost pressure in the housing market to enable them to secure a comfortable and liveable home,\u201d states the Chief Minister\u2019s Office (CMO) in a press release in December 2021. <\/p>\n\n\n\n

HDAS provides assistance of up to RM10,000 for payment of housing deposits to those from the B40 and M40 groups who are buying new residential properties for the first time.<\/p>\n\n\n

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HDAS is another initiative by the Sarawak Government to provide affordable housing to Sarawakians. Photo by Nicky Tay<\/figcaption><\/figure><\/div>\n\n\n

With an initial RM10 million allocated for the scheme under the 2022 State Budget, it is expected to benefit around 1,200 homeowners.<\/p>\n\n\n\n

\u201cThe implementation of this scheme would enable more low- and middle-income groups to purchase and own houses as it would help to mitigate mortgage cost upfront.<\/p>\n\n\n\n

\u201cThis is a clear testimony of the continuous effort by the Sarawak Government to ensure that a significant segment of Sarawakians would be able to purchase and own their houses,\u201d adds CMO.<\/p>\n\n\n\n

Interested applicants may refer to Mutiara Mortgage & Credit Sdn Bhd (MUTIARA) \u2013 a wholly-owned subsidiary of the Housing Development Corporation \u2013 which is managing the scheme.<\/p>\n\n\n

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HDAS is managed by Mutiara Mortgage & Credit Sdn Bhd. Photo from Mutiara Mortgage & Credit Facebook page<\/figcaption><\/figure><\/div>\n\n\n

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HDAS Eligibility Criteria<\/strong><\/p>\n\n\n\n

  • First-time house buyers among B40 and M40 groups who purchase new residential property from approved developers or wish to build a house on self-own land within the following monthly household income range:<\/li><\/ul>\n\n\n\n
    CLASSIFICATION<\/strong><\/td>MONTHLY HOUSEHOLD INCOME RANGE<\/strong><\/td><\/tr>
    B40<\/td>RM3,729 and below<\/td><\/tr>
    M40<\/td>RM3,730 \u2013 RM8,649<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
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    HDAS is set to benefit about 1,200 first-time home buyers. Image by Alachua County @ Flickr<\/figcaption><\/figure><\/div>\n\n\n
    • Sarawakian with Permanent Resident status<\/li>
    • Residential schemes \/ projects covered under HDAS:<\/li><\/ul>\n\n\n\n
      NO.<\/strong><\/td>PROPERTY TYPE<\/strong><\/td>PRICE RANGE (per unit)<\/strong><\/td><\/tr>
      i.<\/td>Low Cost<\/td>RM50,400 \u2013 RM59,220<\/td><\/tr>
      ii.<\/td>Low Cost Plus \/ Medium Cost<\/td>RM80,000 \u2013 RM100,000<\/td><\/tr>
      iii.<\/td>Spektra Lite<\/td>RM100,000 \u2013 RM120,000<\/td><\/tr>
      iv.<\/td>Spektra Medium<\/td>RM135,000 \u2013 RM168,000<\/td><\/tr>
      v.<\/td>Spektra Plus \/ Putera<\/td>RM150,000 \u2013 RM198,000<\/td><\/tr>
      vi.<\/td>Spektra Permata<\/td>RM90,000 \u2013 RM160,000<\/td><\/tr>
      vii.<\/td>Sri Pertiwi<\/td>RM270,000 \u2013 RM295,000<\/td><\/tr>
      viii.<\/td>Affordable Housing developed by State Government Agencies and its Subsidiaries, incl. joint-development with private developer<\/td>Below RM300,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      • Those who participate in Spektra Mutiara Housing Programme of which the construction cost is financed by MUTIARA through Mutiara Dream Home Financing Scheme on self-owned land allotted by the Land and Survey Department under Village Extension Scheme (SPK) or Resettlement Scheme (SPS):<\/li><\/ul>\n\n\n\n
        PROGRAMME<\/strong><\/td>CONSTRUCTION COST PRICE RANGE (per unit)<\/strong><\/td><\/tr>
        Spektra Mutiara<\/td>RM90,000 \u2013 RM160,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Source: CMO Press Statement on Housing Deposit Assistance Scheme (HDAS) <\/em><\/p>\n\n\n

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        RAKAN 1Q2022-20<\/figcaption><\/figure><\/div>
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