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First-Home Buyer Schemes Malaysia 2026

Government schemes, subsidies, and tax exemptions for first-time property buyers in Malaysia. Budget 2026 extended the key stamp duty exemption until 31 December 2027.

💰 Typical Total Savings on RM500k Property

Stamp Duty (SPA+Loan)

RM11,250

MyHome Subsidy

RM30,000

SRP (no down-pay)

RM50,000

Total potential

RM91,250

Note: not all schemes stack — eligibility varies. Most buyers qualify for 1-2 schemes.

All First-Home Schemes Compared

First-Home Stamp Duty Exemption

💎 100% exemption on SPA + Loan stamp duty

Eligibility: First-home Malaysian citizen, property ≤ RM500,000

Valid: 31 Dec 2027

Source: Budget 2026 (extended from Budget 2021)

MyHome 1 (KPKT)

💎 Up to RM30,000 government subsidy

Eligibility: Household income RM3,001–4,000, first-home, citizen

Valid: Ongoing

Source: kpkt.gov.my

MyHome 2 (KPKT)

💎 Up to RM30,000 government subsidy

Eligibility: Household income RM4,001–6,000

Valid: Ongoing

Source: kpkt.gov.my

Skim Rumah Pertamaku (MyFirstHome)

💎 100% financing, no down payment needed

Eligibility: Income ≤RM5,000 single / RM10,000 joint, property ≤RM500k

Valid: Ongoing

Source: srp.com.my

PR1MA

💎 Below-market pricing RM100k–400k

Eligibility: Household income RM2,500–RM15,000

Valid: Ongoing

Source: pr1ma.my

SJKP (Skim Jaminan Kredit Perumahan)

💎 Loan guarantee for self-employed / gig workers

Eligibility: Property up to RM500,000

Valid: Ongoing

Source: kpkt.gov.my

HOPE (Home Ownership Programme)

💎 Rental-to-own ~RM250/month

Eligibility: B40, unsold PR1MA/affordable units

Valid: Ongoing

Source: kpkt.gov.my

How to Apply

1. Stamp Duty Exemption

Automatic — your SPA lawyer submits Form CKHT at LHDN. No separate application. Confirm first-home status in SPA.

2. Skim Rumah Pertamaku (SRP)

Apply via participating banks (Maybank, CIMB, RHB, Public Bank, Hong Leong, AmBank). Bank submits to SJKP for guarantee approval. Process: ~2-3 weeks.

3. MyHome Scheme

Apply via KPKT portal (kpkt.gov.my) or through participating developer. Check project list on ministry website.

4. PR1MA

Register at pr1ma.my. Ballot for units at completed projects. Income verification via payslip + EA form.

🎯 Real Example: RM400k Terrace House in Klang

Buyer: Malaysian citizen, age 30, monthly income RM4,500, first home.

Applicable schemes:

  • ✅ Stamp Duty Exemption — saves RM7,000 (SPA) + RM1,800 (loan) = RM8,800
  • ✅ SRP 100% financing — saves RM40,000 down payment
  • ✅ MyHome subsidy (income RM4,500 = MyHome 2 bracket) — RM30,000
  • ❌ PR1MA — only applies to PR1MA-branded projects

Total savings: RM78,800 (19.7% of property price).

Related Property Guides

📋 Stamp Duty Rates

Full tiered table + exemptions

⚖️ Legal Fees (SRO 2023)

Lawyer fee scale

🏠 House Loan Calculator

Monthly payment estimate

Frequently Asked Questions

What are the first-home buyer schemes in Malaysia 2026?
Main schemes: (1) First-home Stamp Duty Exemption — 100% waiver on property ≤RM500k, extended till 31 Dec 2027 per Budget 2026; (2) Skim Rumah Pertamaku (SRP/MyFirstHome) — 100% financing, no down payment; (3) MyHome Scheme — up to RM30,000 subsidy; (4) PR1MA — below-market pricing RM100k-400k; (5) SJKP — loan guarantee for self-employed/gig workers; (6) HOPE — rental-to-own for B40.
How much can I save as first-time home buyer in Malaysia?
On a RM500,000 property with 90% loan (RM450,000), savings from stamp duty exemption alone = RM9,000 (SPA) + RM2,250 (loan) = RM11,250. If eligible for MyHome RM30,000 subsidy, total savings = RM41,250. SRP provides 100% financing (save 10% down payment = RM50,000). Combined schemes can reduce upfront cost by RM50k-90k.
Am I eligible for Skim Rumah Pertamaku (SRP)?
SRP eligibility: Malaysian citizen, first residential property, age 21-40, individual monthly income ≤RM5,000 (single applicant) or ≤RM10,000 (joint applicant), property price ≤RM500,000. Loan tenure up to 35 years or age 70 (whichever earlier). Guarantee by Syarikat Jaminan Kredit Perumahan (SJKP) covers 10% down payment so banks approve 100% financing.
MyHome vs PR1MA — which is better for first-home buyer?
MyHome is a one-off subsidy (up to RM30k) applied to eligible units in participating projects — you still pay market price minus subsidy. PR1MA is a dedicated affordable housing programme with purpose-built homes priced below market (RM100k-400k). PR1MA income cap up to RM15,000 is more flexible than MyHome's RM3k-6k range. Verdict: PR1MA for middle-income buyers; MyHome for lower-middle income buying from private developer.
Can foreigners get first-home buyer schemes in Malaysia?
No — all first-home buyer schemes in Malaysia are restricted to Malaysian citizens only. Foreigners cannot claim stamp duty exemption, MyHome, PR1MA, SRP, or SJKP. PRs may access some schemes on case-by-case basis. From 1 Jan 2026, foreigners also pay flat 8% stamp duty (doubled from 4%) per Budget 2026.

Data Source

Scheme details sourced from Kementerian Perumahan dan Kerajaan Tempatan (KPKT), PR1MA Malaysia, SRP, and Budget 2026. Last reviewed: January 2026.

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