nope, waiting for new batch...

my friend just signed the SPA today.
she is so sad to find out MyDeposit will be open in probably few months later for 2017 batch.

go to #997 or #1008 or visit the official website.
i just made a bold guess about the "few months"...it could be before mid of the year or end of the year...but surely before the coming general election 

u misunderstood that para. that closing date of 10 March 2017 is for those who already got Tawaran (applied previously and got offered) to submit the remaining documents to the KPKT.

that's why i previously made a bold guess that the permohonan may be only open few months later since KPKT needs time to process and review the remaining docs submitted by the applicants who got the Tawaran (applicants to submit by 10 March 2017) and thereafter deposit the RM30k to the successful applicants. after clearing up this batch baru open application to public again.

2nd house cannot apply mydeposit.
& now actually no any news about government will release 2nd mydeposit scheme.
I think need to wait untill new budget report.

the other issue to consider is we have no idea what is the quota left for this program. timing and quota issues

u can pay partial downpayment to the seller, but what if the govt suddenly said no more quota....will your partial downpayment be refundable? or will u proceed to buy the house without the incentive of RM30k?

some applied and got rejected, are u ready for this? lol

i mean any amount that can keep your seller happy and willing to wait for you. for the scenario u quoted, can be more than 20k or less than 20k

It's really depends on the seller. For my case, the seller allow me to hold the S&P stamping for 6 months. (signed and paid 10% deposit, just hold the stamping)

I've applied for mydeposit last year and finally got an approved letter. So last few months was chasing them on when the $ will be transferred to my lawyer account.

Suddenly, on a routine call-in to inquire,  the PIC said that my application rejected due to my SNP sign in January and mydeposit only applicable from April onward. SHOCK!

PIC said already sent reject letter in October but i've since moved in to my new condo and never would have received it at my old address.

Don't understand how an approved application can then be rejected on a later date. Any advice what can be done?

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 

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.

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

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.

I am successful mydeposit applicant. In my situation, I have 3 lawyers, seller, buyer & bank. Mydeposit money will be transferred to buyer lawyer (applicant). For me, this situation is not complicated and not slow down the process because my lawyer protect buyer right.

I am disappointed that until now the new application is yet to be opened.
Try to clarify with Jabatan Perumahan Negara but their answers not helpful at all.
Ask to check their website for update but the problem is i have been checking their website almost every single day since 3 months ago but still nothing.
The problem is if i sign for S&P now, where MyDeposit not open for application yet, then cannot apply later once opened. Walao.

yaa.. I also don't know if this program going to be continued this year.
but since GE is coming i think there is fair chance for this program to open this year 
hopefully will open back in the near future

Bad news for those who are still waiting for the new application to be opened..
I just received feedback from KPKT Malaysia facebook page.
MyDeposit scheme new application temporarily closed or 'dibekukan' for some revisions or amendments until further notice     

I personally pm their facebook page.
I called their office once but didn't help much.
Just simply ask me to check the website time to time for update. Walao.
Luckily their facebook admin willing to entertain me.
But unfortunately based on their answer, I don't think Mydeposit is going to be opened soon