Getting onto the property ladder is notoriously expensive, no matter where in the world you happen to live. That’s because property prices are often many times what people make in a year, making saving up for a deposit challenging.
It turns out, though, that in some countries, such as Malaysia, getting onto the property ladder is easier than you think. You just need to sign up to the right scheme.
Remember, governments around the world are doing their best to get young people into their own housing. That’s because they want to make sure that they can start families and bring new children into the country. But financially speaking, buying a house isn’t always easy. That’s why it’s so important to be aware of the schemes that are already out there so that you can take advantage of them.
As the following infographic shows, there is actually a lot of help to buy programs already operating in Malaysia. Some of these are for people under the age of 18, but there are also a whole host of them available for those under the age of 35 too. These programs have certain criteria that you need to fulfill in order to qualify for them. But the schemes ultimately help to bring down the price of buying a property, especially if your income is lower than a certain threshold. There’s also a difference between whether you buy individually or with a spouse that can further reduce the price that you pay for accommodation. Check out the infographic below for all the details.
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