Hi Everyone,

I wanted to see what my fellow sifus think about the new MyDeposit scheme.

New first home owners are able to get contribution of 10% from the sale price, or maximum of RM30,000 (whichever is lower), will be given to first-time buyers looking for homes priced below RM500,000. (Only available to households with <RM10,000

I agree that it is a good idea in the sense that it helps the poor but will it inflate the pricing for the housing market? What about the unforeseen circumstances? I imagine that housing at <500k will definitely go skyrocketing

ya, let make it clear one more time

This is some thing like loan,
not pocket money for your 10%

if you can't even save 10% of the DP,
that mean your money management have some problem,
it would be very hard to maintain a house.

just like car,house also need to maintain.