KUALA LUMPUR: Bank Negara is opening up the RM1bil fund for affordable housing, introduced in January this year, to a bigger group of first-time home buyers.
From Sept 1 onwards, the scheme will be opened to buyers with a maximum monthly household income of up to RM4,360. Previously, the eligibility was capped at household earnings of less than RM2,300 a month.
Buyers can also afford to use the scheme to purchase houses of up to RM300,000 a unit. This is double the previous limit of RM150,000.
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