The prices for properties in Malaysia have been increasing gradually over the years and it has become a burden for first time home buyers or young working adults who have just started working. Fret not, with so many schemes available in Malaysia to help people to own a house, buying your first property is no longer just a dream. There are many schemes available such as the PR1MA, Rumah pr1ma, PPA1M and many more. This article will guide you through what you need to know about the PPA1M Scheme.
First of all, Perumahan Penjawat Awam 1 Malaysia (PPA1M) Scheme is an affordable housing scheme that serves and benefits the government employees. In order to be eligible for the PPA1M scheme, one must be a Malaysian, is not bankrupt and is one of the government employees or from statutory bodies. All PPA1M house are freehold. The houses are built in most cities, where the sites are chosen based on the demand from the civil servants. The types of house offered by PPA1M are apartments, townhouses, terrace house, semi detached house and bungalows. There are a few different sizes for the houses and they all cost differently, depending on the size. Built up size Price 850 sq ft RM90,000.00 - RM120,000.00 1000 sq ft RM220,000.00 1200 sq ft RM260,000.00 1500 sq ft RM300,000.00 Do take note of the requirements for interested buyers. The requirements are:
In conclusion, application for PPA1M Scheme is not too difficult and can easily be done online through the website www.ppj.gov.my. Make sure you think thoroughly and plan carefully before you make an application. After all, it is a long term commitment that involves a huge sum of money. You definitely do not want to end up in a debt and regretting.
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