MyHome Scheme Malaysia: Income Limit, House Price Cap, and How the Subsidy Works

The MyHome scheme is a Malaysian federal government programme that pays a one-off subsidy of up to RM30,000 directly to private developers so they can sell new homes at a reduced price to eligible first-time buyers. To qualify, your combined household income must fall between RM3,000 and RM6,000 per month depending on which tier you apply under, and the home must be in a registered MyHome project priced below a defined ceiling.

This guide covers the subsidy mechanics, the two income tiers, price caps, developer participation, application steps, and the conditions attached to owning a MyHome unit. For the broader landscape of first-home programmes, see our overview of government home schemes in Malaysia. For buying-process basics, see our step-by-step guide to buying a house in Malaysia.

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What the MyHome scheme is and why it exists

Bank Negara Malaysia data consistently shows a growing gap between urban property prices and household income growth, particularly for the B40 and lower-M40 brackets. Launched in 2014 and administered by the Jabatan Perumahan Negara (National Housing Department) under KPKT, MyHome was designed to bridge that gap without building entirely government-owned housing stock.

The mechanism is straightforward: instead of building low-cost public housing, the government contracts with private developers. Qualifying developers register projects under the scheme. When a first-time buyer purchases a unit in a registered project, the government pays the developer RM30,000 directly. The developer reflects that subsidy as a discount on the selling price. The buyer pays the reduced price, and the RM30,000 is effectively absorbed as a deposit contribution or price reduction at the point of signing the Sale and Purchase Agreement (SPA).

This public-private model keeps construction quality closer to private-market standards while still delivering homes at sub-market prices to income-eligible Malaysians.

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The two tiers: MyHome1 and MyHome2

MyHome operates across two sub-categories that differ on household income ceiling and house price.

Feature	MyHome1	MyHome2
Target household income	RM3,000 to RM4,000 per month	RM4,001 to RM6,000 per month
Maximum selling price (post-subsidy)	Approximately RM150,000	Approximately RM300,000
Government subsidy paid	Up to RM30,000	Up to RM30,000
Minimum built-up area	800 sq ft	800 sq ft
Typical layout	3 bedrooms, 2 bathrooms	3 bedrooms, 2 bathrooms

Note: exact price ceilings for each project are set at project registration and can vary by state and location. The figures above reflect the standard parameters published by KPKT (National Housing Department, 2024). Always verify the specific price with the developer at the point of application.

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How the RM30,000 subsidy actually works

The subsidy is not a voucher or a cash payment to the buyer. The flow of funds works like this:

1. A private developer registers a project with the National Housing Department and commits to setting aside a proportion of units for MyHome-eligible buyers.
2. The developer prices those units with the subsidy factored in, so the buyer sees a selling price that is already RM30,000 lower than the base price.
3. The buyer signs the SPA at the reduced price.
4. The developer submits the relevant documents to the National Housing Department.
5. The government disburses RM30,000 to the developer, reimbursing the discount already given to the buyer.

From the buyer’s perspective, the RM30,000 effectively covers the down payment contribution at the SPA stage. On a RM150,000 unit, RM30,000 represents a 20% price reduction. On a RM300,000 unit, it equals a 10% reduction, which is broadly equivalent to the standard 10% down payment required for a first home.

This matters for your loan calculation: you take out a home loan on the post-subsidy selling price, not the pre-subsidy developer base price.

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Full eligibility checklist

To apply for MyHome, you must satisfy all of the following criteria at the time of application (KPKT, National Housing Department):

• Malaysian citizen only; permanent residents and foreigners do not qualify
• Aged 18 or above at the date of application
• First-time homebuyer: you and your spouse (if married) must never have owned any residential property in Malaysia, whether purchased, inherited, or received as a gift
• One unit per household: a married couple counts as one household and may apply for only one unit
• Household income within tier range: RM3,000 to RM4,000 for MyHome1; RM4,001 to RM6,000 for MyHome2 (combined income if applying jointly)
• The property must be in a registered MyHome project: you cannot apply the subsidy to any developer’s property that is not officially registered under the scheme

If your household income exceeds RM6,000 per month, MyHome does not apply. You may be better served by PR1MA (income up to RM15,000) or the stamp duty exemption for first-time buyers under Budget 2026 for homes priced at or below RM500,000. See our government home schemes comparison guide for a side-by-side summary.

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Developer participation: how projects get registered

Not every affordable new launch is a MyHome project. Developers must apply to register with the National Housing Department under KPKT and agree to specific conditions:

• A minimum percentage of units in the development must be set aside for MyHome-eligible buyers
• The layout and built-up specifications (3 bedrooms, 800 sq ft minimum) must meet scheme requirements
• Selling prices must not exceed the approved ceiling for the registered tier
• The developer absorbs the subsidy upfront and is reimbursed by the government after SPA signing

The practical implication for buyers: the list of participating projects changes over time as developers register new phases and close out completed ones. The live list of registered projects is maintained on the e-Home portal at ehome.kpkt.gov.my. Always check there first before approaching any developer claiming to offer a MyHome unit.

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Conditions attached to your MyHome unit

The subsidy comes with binding restrictions that remain attached to the property:

Condition	Details
Minimum holding period	Cannot sell the property for 10 years from the SPA signing date
Rental restriction	The unit cannot be rented out
Transfer restriction	Property cannot be transferred except to immediate family members (spouse, children, parents, siblings)
One-time benefit	You cannot apply for the MyHome subsidy a second time

These restrictions are recorded in the SPA and in the land title. Breaching them can expose you to legal consequences and require repayment of the subsidy. The 10-year lock-in is the most significant constraint: if your circumstances change (job relocation, family size, financial distress), you cannot liquidate the property through a conventional sale for a full decade.

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Application steps

1. Check your eligibility: confirm your household income falls within the correct tier and that neither you nor your spouse has previously owned property.
2. Find a registered project: visit ehome.kpkt.gov.my or ask developers directly whether their project is registered under MyHome. Verify the tier (MyHome1 or MyHome2) and the available units.
3. Reserve a unit with the developer: the developer will guide you through their internal booking process.
4. Submit application documents: typical requirements include MyKad copies for all applicants, the last three months of payslips or income evidence, EPF statements, and the booking receipt.
5. Approval from National Housing Department: the department reviews eligibility and approves the allocation.
6. Sign the SPA: once approved, you sign the SPA at the post-subsidy price. The government disburses RM30,000 to the developer.
7. Arrange your home loan: the loan is calculated on the final SPA price. Given the income limits, many MyHome buyers also access the Skim Jaminan Kredit Perumahan (SJKP) guarantee if their income documentation is non-standard.

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MyHome versus other first-home schemes at a glance

Scheme	Income range	Subsidy / benefit	Price range
MyHome1	RM3,000 to RM4,000	RM30,000 price reduction	Up to ~RM150,000
MyHome2	RM4,001 to RM6,000	RM30,000 price reduction	Up to ~RM300,000
PR1MA	RM2,500 to RM15,000	20% below market price	Varies by project
Stamp duty waiver (Budget 2026)	No income limit	Stamp duty exemption	Up to RM500,000
SJKP	B40 / non-standard income	Loan guarantee, not a price subsidy	Varies

Source: KPKT, Perbadanan PR1MA, LHDN (2024-2025).

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Key takeaways

• MyHome pays RM30,000 directly to the developer, reducing the home’s selling price for eligible first-time buyers.
• Two tiers exist: MyHome1 targets households earning RM3,000 to RM4,000 per month; MyHome2 targets RM4,001 to RM6,000.
• You cannot rent out or sell the property for 10 years after signing the SPA.
• The property must be in an officially registered MyHome project. Verify on the KPKT e-Home portal before committing.
• The subsidy is one-time per household and cannot be combined with a second application later.
• If your income is above RM6,000, explore PR1MA or the Budget 2026 stamp duty exemption instead.

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Frequently asked questions

Can a single applicant (unmarried) apply for MyHome? Yes. Single Malaysians aged 18 and above with income in the qualifying range can apply. The income limit applies to the individual applicant, not a combined household figure. A single person applying alone needs individual income between RM3,000 and RM4,000 for MyHome1 or RM4,001 to RM6,000 for MyHome2.

Does the RM30,000 subsidy count as my down payment? Effectively, yes. The subsidy is applied by the developer as a price reduction at SPA. If you are buying a RM150,000 MyHome1 unit, the SPA price becomes RM120,000 after the subsidy, and your 10% down payment is calculated on RM120,000 (RM12,000). The subsidy bridges the gap between the developer’s base cost and the price you pay, so you need less cash upfront.

What happens if I need to move before the 10-year lock-in ends? You cannot sell to a third party during the 10-year restriction period. You can transfer ownership to an immediate family member (spouse, child, parent, or sibling) but you cannot rent the unit out either. If you must exit and none of those options apply, you would need to consult a property lawyer about the legal remedies available, which may include repayment of the subsidy.

How do I check if a specific project is registered under MyHome? Go to ehome.kpkt.gov.my, the e-Home portal run by the National Housing Department under KPKT. The portal maintains a searchable list of registered MyHome projects by state and developer. Always confirm registration on this portal rather than relying solely on a developer’s marketing materials.

Can I use EPF Account 2 withdrawal together with MyHome? Yes. EPF Account 2 (now referred to as Account Fleksibel under the restructured EPF accounts) can be used to help fund the down payment or reduce the outstanding loan on your first home. The MyHome subsidy and EPF withdrawal are separate mechanisms and do not conflict. Confirm your withdrawal eligibility directly with KWSP at kwsp.gov.my.