MyHome or MyDeposit, one of the term and condition is you can't sell off the property within 10 years. One of the reason for this sekatan is because government need to take care of the lower income family. In Malaysia, there has a lot of lower income families. For example, total of monthly salary for husband and wife's is not more than rm2k and have 3 kids. This is truth. You can't even imagine how could they survive at this inflation country.

1) yes bro...there will be sekatan kepentingan...so that 10 years from SNP date cannot sell..will be recored in your title later.

2) can also...people do this with gomen loan...they pay their own money first to stakeholder...later when gomen disburse loan then u get back the money...dont pay to seller liaoo...pay to the lawyer..lol

3) yes valid until 30th june...free money..fast action fast result..lol

the lawyer will transfer to u lar...its their professional duty...u think they want your 30k ar...if they misappropriate the fund of clients their license can be revoked...disbarred.    with their license they earn millions per year liaoo..lololol

deswai gomen will deposit to the seller's lawyer...not seller...later he cabut how..lol

any tom dick harry lawyer usually got experience handle gomen loan...no worries bro..procedure leave to them..make sure u apply and approve first

no prob bro...go apply fast2...  

I submitted my application in May 2016. And signed S&P in June 2016 and loan agreement in August 2016. Only received the "Berjaya" notification in late August 2016 and submitted all the final documents in October 2016. Received money in late November 2016.

As far as I know, it shouldn't be a problem if you signed S&P earlier. Just make sure it's not even before you first apply for this scheme (in my case, applied May, signed S&P after that in June). Hope this helps.

Application for year 2017 already open?

Last check, it was still closed.

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

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