i-Miliki vs MyHome: Which Scheme Gets You a Bigger Subsidy?

i-Miliki waives your stamp duty on the instrument of transfer and loan agreement, saving a first-time buyer up to roughly RM18,000 on a RM500,000 home. MyHome gives you a direct RM30,000 cash subsidy off the purchase price, but it applies only to specific developer projects approved by KPKT and targets a lower income bracket. The right scheme depends on which property you are buying, not which benefit sounds larger on paper.

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What Each Scheme Actually Does

i-Miliki: A Stamp Duty Waiver

i-Miliki (short for Inisiatif Memiliki Rumah) is a stamp duty exemption programme administered by LHDN under the Ministry of Finance. It was introduced as part of the Home Ownership Campaign (HOC) and has been extended several times. As of Budget 2026, the exemption for first-time buyers on properties priced up to RM500,000 continues through 31 December 2027.

The benefit has two layers:

1. Full exemption on the Instrument of Transfer (MOT): Standard ad valorem rates are waived entirely for properties priced up to RM500,000.
2. Full exemption on the loan agreement stamp duty: On the housing loan, the 0.5% stamp duty is also waived for the same tier.
3. 75% exemption for properties priced RM500,001 to RM1,000,000: A partial waiver still applies at this higher price tier, reducing the stamp duty burden significantly.

i-Miliki is a passive benefit: if you qualify, LHDN automatically applies the exemption when you present the Sale and Purchase Agreement (SPA). There is no separate application to KPKT.

MyHome: A Cash Subsidy on the Purchase Price

MyHome (Program Bantuan Rumah Swasta) is a KPKT initiative that channels a RM30,000 government subsidy directly to the developer on behalf of the buyer. The developer sells you the unit at the subsidised price, so your loan quantum, monthly instalment, and down payment are all calculated on the lower amount.

The scheme targets private developers who agree to build affordable homes and register their projects under MyHome. The developer applies first; you apply through the developer or via the MyHome portal once a project is listed.

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Eligibility Side by Side

Criteria	i-Miliki	MyHome
Citizenship	Malaysian citizen	Malaysian citizen
First-time buyer rule	Yes, must not have previously owned any residential property	Yes, first-time buyer only
Income ceiling	None specified (scheme is open to all first-timers within the price band)	Household income up to ~RM10,000 per month
Property price limit	Up to RM500,000 (full waiver); RM500,001 to RM1,000,000 (75% waiver)	Properties priced up to RM300,000 (after subsidy)
Property type	Any residential property (new or subsale)	New residential units under KPKT-approved MyHome developer projects only
Marital status	Single or married	Single or married; single applicants may face a lower subsidy ceiling depending on project
SPA cut-off	Sign SPA on or before 31 December 2027	Subject to developer project availability and KPKT approval per phase
How you get the benefit	Stamp duty waived at SPA/loan stamping stage	Subsidy deducted from purchase price by developer

Sources: LHDN Stamp Duty Order gazette; KPKT MyHome programme guidelines (2024 phase).

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How Much Do You Actually Save?

i-Miliki savings on a RM400,000 property

Without exemption, stamp duty on the MOT alone for a RM400,000 property is calculated on a tiered scale:

• First RM100,000: 1% = RM1,000
• Next RM400,000 band: 2% on RM300,000 = RM6,000
• Total MOT stamp duty: RM7,000

Add loan agreement stamp duty at 0.5% on a 90% loan (RM360,000): RM1,800.

Total saved under i-Miliki: RM8,800 on a RM400,000 property.

For a RM500,000 property the saving is larger. MOT on RM500,000 (tiered):

• First RM100,000: RM1,000
• RM100,001 to RM500,000: 2% on RM400,000 = RM8,000
• Total MOT stamp duty: RM9,000

Loan agreement (90% = RM450,000): RM2,250 at 0.5%.

Total saved under i-Miliki: RM11,250 on a RM500,000 property.

MyHome savings on a RM280,000 property

The developer lists a unit at RM280,000 under MyHome. After the RM30,000 subsidy:

• Your purchase price: RM250,000
• Loan at 90%: RM225,000 instead of RM252,000
• Lower monthly instalment, smaller down payment, and reduced legal fees (which are also tied to purchase price)

The RM30,000 is the headline number and it is real, dollar-for-dollar, off the price you pay and finance.

Which scheme gives more?

On comparable affordable homes in the RM250,000 to RM300,000 range, MyHome’s RM30,000 subsidy is larger than the i-Miliki stamp duty saving (which would be roughly RM5,000 to RM7,000 on those prices). At the RM400,000 to RM500,000 range, i-Miliki’s stamp duty saving approaches RM9,000 to RM11,000, but still falls short of RM30,000 in absolute terms.

However, this comparison is misleading without context. MyHome properties are a narrower pool: you must find a KPKT-registered project in your area, whereas i-Miliki applies to virtually any new launch or subsale home in the right price band. Location and supply often determine which scheme you can practically access.

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Can You Stack Both?

In theory, a buyer purchasing a MyHome-registered unit could also benefit from i-Miliki if the final price (after subsidy) falls within the RM500,000 threshold. You would receive both the RM30,000 purchase price reduction and a stamp duty waiver on the reduced price. Confirm with your solicitor and the developer at SPA stage, as project-specific terms may apply.

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Practical Considerations Before You Choose

Supply and location: MyHome projects are concentrated in specific states and townships. Check the KPKT MyHome portal for live project listings. If there are no approved projects near your preferred location, MyHome is not an option regardless of eligibility.

Income ceiling: If your household income exceeds RM10,000 per month, you are not eligible for MyHome. i-Miliki has no income ceiling for first-time buyers within the price band.

Subsale vs new launch: i-Miliki applies to subsale (secondary market) properties. MyHome applies only to new developments under approved projects. If you prefer a subsale unit, i-Miliki is your only option of the two.

Loan quantum impact: Because MyHome reduces the purchase price, your 90% or 95% loan is computed on a lower base. This means a smaller loan, lower total interest paid over 30 to 35 years, and a smaller monthly commitment. i-Miliki does not reduce your loan amount; it only removes the stamp duty cost at the point of purchase.

Resale restrictions: Some MyHome units carry a moratorium on resale for a set number of years (typically five to ten years). Check the specific project terms. i-Miliki properties carry no additional resale restriction beyond the standard conditions of the title.

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A Quick Decision Guide

Your situation	Better fit
Household income above RM10,000/month	i-Miliki only (MyHome income ceiling excludes you)
Buying a subsale property	i-Miliki only (MyHome is new launches only)
Buying a new launch in a MyHome-listed project, income below RM10,000/month	Consider MyHome first (RM30,000 subsidy outweighs stamp duty saving at lower price points)
New launch RM400,000 to RM500,000, no MyHome project available	i-Miliki saves up to RM11,250 in stamp duty
Eligible for both (MyHome project, first-time buyer, income fits)	Stack both if developer and solicitor confirm

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Key Takeaways

• i-Miliki is a stamp duty waiver, not a cash grant. It saves between RM5,000 and RM11,250 on homes priced RM300,000 to RM500,000.
• MyHome is a RM30,000 direct subsidy off the purchase price of KPKT-registered new developments priced up to RM300,000 (post-subsidy).
• In absolute ringgit terms, MyHome’s RM30,000 is larger than any i-Miliki stamp duty saving at comparable price points.
• MyHome has a stricter eligibility gate: income ceiling, specific project availability, and new launches only.
• i-Miliki is broader: it covers new launches and subsale, has no income ceiling, and is extended until 31 December 2027.
• Stacking both is possible if you buy a MyHome-registered project and the post-subsidy price qualifies for i-Miliki. Confirm with your solicitor.

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Frequently Asked Questions

Can I apply for MyHome if I earn RM8,000 a month as a single person? Yes, a single person earning RM8,000 falls within the income ceiling for MyHome (approximately RM10,000 household income). However, you still need to find an active KPKT-approved MyHome project in the area you want to buy. Check the KPKT portal for current project listings.

I already own a commercial property. Does that disqualify me from i-Miliki? Generally, i-Miliki targets buyers who have never owned a residential property. Ownership of a commercial lot or shophouse does not automatically disqualify you, but confirm the exact definition with your solicitor and LHDN at the time of stamping, as gazette wording focuses on residential titles.

Is i-Miliki only for Bumiputera buyers? No. i-Miliki is open to all Malaysian citizens regardless of race, as long as you meet the first-time buyer and price criteria.

Does MyHome affect how much I can borrow from the bank? Yes, in a positive way. Since MyHome reduces your purchase price, your loan is based on the lower amount. This means a smaller loan quantum, lower monthly instalments, and a reduced debt service ratio (DSR), which can improve your chances of loan approval if your income is on the borderline.

What happens to my i-Miliki exemption if I sell the property within a year? LHDN can claw back the stamp duty exemption if you dispose of the property within the period specified in the exemption order. Review the gazette conditions or ask your solicitor before committing to an early sale.

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For more on related government programmes for affordable housing, see government property schemes in Malaysia. If you are comparing whether a new launch or subsale property suits your financial position, read our guide on new launch vs subsale property in Malaysia.