But how come the developer will let you hold the house without placing any deposit and wait until decision from mydeposit? I also curious this problem.

but my developer mentioned that they have abit different with others. That day i choose a house, then place booking fees 2k. then they ask me to sign SNP already. then next step is looking for banker for bank loan. Now is submitting those documents for banker. so i quite confuse with the procedure somemore i am 1st time house buyer. So i can apply mydeposit now? hmm...

i see. Ya. i have the booking form when i place the booking fees. too bad my developer seem not so helpful on mydeposit scheme and not so clear about it too. They wish to going through normal procedure 1st. 1 more question. do i need to wait my bank loan approved only apply?  or now i can apply it?

The lock in period clause will be add into the SnP? Where can find this info?

you are right too. feeling tht they are afraid to tell about this scheme. Really is a loan? so when have to pay back? don't have any info about this scheme is a loan at all.

You placed rm2K as deposit and asked to sign the SPA. In the event you failed to obtain loan from bank and the SPA stamped already, will the developer refund the deposit to you if you managed to get the bank rejection letter to them?

You can go to apply the MyDeposit while waiting for the loan approval.  The stamped SPA and stamped bank offer letter will need to be submitted when claim the 30k.

This is MyHome Scheme clause which need insert into the SPA.

Agree with you that most of the developers are not willing to introduce this scheme because troublesome. Why i have to say so because the management need attend the meeting held by them every time. Also, sale admin department staff need a clear mindset about how the procedure is going on, what kind of documents need submit to the JPN for claim the rm30k. We need to call the KPKT every time even go to  JPN to have a better picture about the scheme in order to assist the purchasers to apply via online. We have to help the buyers to apply via online, get the offer letter from JPN and arranging the purchaser to sign the letter and send back to the JPN. Also need to liaise and explain to the lawyers about this scheme and ensure that the special clause have to insert to the SPA.

I can say that hard to get the well experienced sale admin staff to monitor all the documentation in proper way in this developer industry nowadays.

I am thinking the same thing with you. Told them sign later when the loan approved but they will not hold the lot for me. so signed it at the end too.