The Malacca state government has introduced the Malacca Youth Home Scheme (“RBM”) aimed at assisting youths who cannot afford their first home. This special housing scheme is an initiative of the Malacca State Department of Youth and Sports under the Communications EXCO, Multimedia, NGO, Youth and Sports Development portfolio with the collaboration of Malacca Housing Board to implement one of the Pakatan Harapan's manifesto.
It is also the first youth housing scheme in Malaysia.
Under the RBM Scheme, eligible and successful youths that eligible and succeed in received approval from the Malacca State Department of Youth and Sports can enjoy a 10 percent (10%) home purchase subsidy. The subsidies as well as legal fees and stamp duty will be funded by the developer.
Fasa pertama yang bertempat di Durian Tunggal, Melaka akan dilancarkan pada 22 Mac 2019. Dalam fasa ini, sebanyak 104 unit rumah yang berharga RM180,000 (Harga Pasaran Sebelum Subsidi) dibuka untuk permohonan. Borang permohonan berkenaan boleh diperolehi daripada Jabatan Belia dan Sukan Negeri Melaka, Lembaga Perumahan Melaka dan pihak pemaju atau Muat Turun borang di link ini .
The requirements that applicants must meet are:
1) 18 to 35 years old;
2) Mempunyai pendapatan isi rumah bulanan RM8,000 ke bawah; dan
3) Merupakan warga Melaka atau pemastautin tetap selama lima (5) tahun ke atas di negeri Melaka.
The RBM scheme is believed to help the youth in buying a home and at the same time will not cause a spike in house prices or other negative effects on the state's housing market in general.
Please refer to the Malacca State Youth and Sports Department or the Malacca Housing Board for more information.