I see. So, all i can do now is to wait for the email / SMS notification. (Pray Hard) Did your developer request to submit the payment voucher or confirmation letter to prove that 30K is to transfer under your name?

I just forward the email to them. But no worries, your developer still can check it at website emaklum. From there, we can prove the fund is already credited to their account.

Thanks for the info

Sir, mind to share your work flow from signing booking form until getting the MyDeposit?
I am looking for subsale property and planning to apply MyDeposit.
But I am not sure if i should search for property first or apply for MyDeposit first.
(I can cash out the 10% downpayment in advance as i know MyDeposit will take time to process)

thanks in advance

Application for year 2017 already open?

Last check, it was still closed.

MyDeposit 2017 not yet open for registration.
Thats why i need to plan properly. If i sign SPA before i apply MyDeposit 2017, is it alright? Or i need to wait for MyDeposit 2017 which i dont know when it will be opened for registration.

I remember you can't sign the SPA too early from the date of application of the scheme.

But i cant just start search for house after i got the approval from MyDeposit.
That will be too late. Furthermore i need time to search a suitable house.
So, just hope that those who had went through this can share their experience here.

Precisely why I feel this scheme is rather ridiculous in the first place.

Summore got capped one, can't be above what amount.

If sincerely want to help, everyone buying 1st house should get.

Can i know when you submot all required document? Because i also submitted all the document on 15th dec 2016, till today, no news yet... still waiting for good news...already check via emaklum, also no record.

The main thing that you have to bear in mind, in the worst case scenario, you must be willing to buy the property with your own pocket money, i.e. not getting the RM30k.

If you have that sorted out, then start researching for subsale units, because the process might take a while. You need to view the units, contact several agents, comparing differnt sellers, etc.

In the meanwhile, you can check your CCRIS and make sure it won't cause any problem when you wanna apply for loans. Clear any outstanding debt if you have any.

Once MyDeposit is out, you would need to have a "Letter of offer to sell", which you would be getting from the seller/agent, when you decided to buy the unit and paid an "earnest fee"/"booking fee", usually 3% of the agreed house price.

Then, together with the CCRIS, "Letter of offer to sell", you IC, income statement, etc, submit all of those documents.

After that, you can proceed buying the house, i.e. paying the other 7% (so in total you would have paid 10%), applying for bank loan, signing snp etc.

If you are lucky, then after 2-3 months, you would be getting a successful application, then you can proceed submitting the rest of the required documents, S&P, loan offer letter, etc.

If there's no problem, you would be getting the money 2-3 months afterwards.

Hope this helps

If paid 3% everything and sign s&p but NOT stamped yet, then apply mydeposit, then only take SNP to stamp

you think can or not?

Sir, thats very clear, thank you very much.
I treat MyDeposit as bonus if i got it.

1) You mean "Letter of offer to sell" is booking form/booking receipt? or I need to request specifically from the seller/agent?
2) Do you mean that i only can place booking fee after MyDeposit application is online? If i place the booking before MyDeposit application online, that will not work right?
3) If I sign SPA before getting MyDeposit? is it alright without adding the term of not selling within 10 years

I'm not sure about signing S&P before applying MyDeposit. The ones that I've heard of, only signed it after applying.

For example, last year MyDeposit was launched in April 2016. From what I've gathered, those who signed S&P before April 2016 could not apply for MyDeposit.

So I'm assuming in your case, you've recently signed the S&P while MyDeposit has not been opened yet for 2017. You may try your luck, I'm not so sure about that. All the best.

1) Letter of offer to sell a.k.a booking fee. Basically just a set of documents saying that you are partially committed to buy the said property, in which you don't, the 3% will not be returned. You should be getting it after paying the 3%. It could be delayed if the seller is not around, because it requires signatures of agent, buyer and seller.

2) I've heard about cases got rejected because signing the S&P before MyDeposit opened up. Not so sure about the booking fee. But I think, you should might as well wait for it to be opened up again right? Unless you are really desperate to get the unit.

3) In my case, and possibly many others, I signed the S&P before getting the successful application. Which means at the time of signing, I also ready gave up hope. So I didn't put any moratorium in my S&P. After being notified, I called the staff and was told that I was not eligible because I had signed the S&P. But thanks to the people here, I submitted anyway, and turned out it was not a problem. Apparently, the KPKT side will work with Pejabat Harta (if I'm not mistaken), to put that moratorium (sekatan) in your grant. So all should be okay.

Hope this helps. Wish you all the best.

Thanks for your reply. What I mean was, even if I already sign the S&P but not stamped, no one actually knows when I sign it right? Only after it is stamped, then it becomes official. Isn't it?

What I intend is, if the owner can't wait, I can sign snp but with hold stamping. Then if mydeposit announced, I apply. then only take the snp to stamp.

Yeah I mean if you can work it out with your seller, then its alright

Thanks for your info. It's good to hear from the experience of past awardee

One more question - do you use the same lawyer as the seller? If so then money just go directly to the lawyer. What if the buyer and seller use different lawyer? Money goes to where? Will it be complicated and slow down the process?

I'm not sure. As for my case, I've had 2 lawyers. 1 is for the S&P lawyer and another 1 is for the bank loan lawyer. I think money would be on your S&P lawyer.

Yup so that means your S&P lawyer is the same as seller
what if S&P lawyer is different from the seller?
Anybody has experience to share?