Q1. What is affordable housing?
For housing to be considered affordable, definitions vary across the world. We use the price-to-income ratio or the ‘median-multiple’ developed by United Nations Centre for Human Settlement (UNCHS) and the World Bank under the Housing Indicators Program. It must cost less than 30% of pre-tax income including housing and related costs (mortgage or rent, along with property taxes, home energy, water and repairs). In Malaysia, the Central Bank of Malaysia (BNM) defined affordable housing as the house range RM 250,000 and below. Ministry of Housing and Local Government (KPKT) defined affordable housing in 3 ways: a price between RM 150,000 to RM 300,000, built-up area about 900 sq. ft and good connectivity to public transportation hubs.
Q2. Who benefits from a 5-bedroom unit?
Our product offering stands out with space optimization - homes designed for functional needs - space and privacy. Typically, affordable housing designs only have 2 to 3 bedrooms and are not suitable for a large family. Our innovative design of a 5-bedroom apartment unit is adequate to house a relatively large family while still affording sufficient space and privacy for parents and the children. With their own rooms, children will also have a conducive environment to study and do their homework.
Q3. What are the benefits of a dual key concept?
The Dual Key concept allows for one spare room with attached bath to be rented out to bring in additional income to the household. This additional income can be used to pay part of the housing loan or maintenance fees of the apartment. If your elderly parents are staying with the family, the dual key concept also allows for the spare room and bath to be used by your elderly parents with complete privacy and yet they remain close enough so that the other household members can look out for them and take care of their needs.
Q4. Does the Yayasan build homes? Can I purchase a home unit from you?
The Yayasan is not a property developer but we will work with the building industry and partner with developers who support our objective of developing affordable housing to promote our designs and assist first-time house buyers in the application process. You should be registered with the state housing authorities for an affordable housing scheme. We will assist you with the approval process to evaluate what assistance can be provided to improve your credit score for eligibility. As the project is classified under the ‘affordable housing’ category, you will be subject to and must meet all the relevant criteria and terms and conditions to be eligible under the scheme. Please refer to the local authority’s website – e.g. (LPHS & Ministry of Federal Territories ) for more details.

We will announce our project launches here. You can take part in our survey to register your interest and we will contact you on any new launches.
Q5. What are the type of assistance offered by Yayasan My First Home?
Yayasan My First Home offers financial assistance, for all B-40 first time home buyers in the form of Interest - Free Loan. The type of assistance includes - down payment/house deposit, legal fee, insurance fee and/or any other costs related to first home purchase (T&C applies).
Q6. What does "Interest - Free Loan" mean and how does it works with Yayasan My First Home?
Interest - free loans are loans, in which has no interest to the the payback amount. With interest free loans, only the principal must be repaid to the lender. Similarly with Yayasan My First Home, applicants would only have to pay the amount of assistance approved and paid by Yayasan My First Home with no interest charged.
Q7. Does Yayasan My First Home offer housing loan?
No, Yayasan My First Home does not offer financial assistance for housing loan (full financial assistance). However, exceptions are given for house prices below RM 100,000.00, whereby applicants are allowed to apply for full financial assistance with Yayasan My First Home.
Q8. What are the eligibility criteria to apply for Yayasan My First Home assistance?
1) First Time Home Buyer 2) Household income equals to or less than RM 5,000.00 (consideration given for amounts slightly higher) 3) House price equals to or less than RM 300,000.00 (full financial assistance are offered for houses below RM 100,000.00) 4) Housing Loan APPROVED by the bank.
Q9. How long does it take for the approval process of an application?
Generally upon COMPLETE SUBMITION OF DOCUMENTATIONS required, the approval process takes around 14 working days. However, some applications approval could longer depending on the nature of assistance required.
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