SJKP gets RM20 billion, with financing guarantees up to 120% for first-home buyers
· Financing Official source
Summary
The Prime Minister announced an extra RM20 billion for the Housing Credit Guarantee Scheme (SJKP) fund, expected to help about 80,000 first-time buyers including gig workers and people without fixed payslips. Guarantees can reach 120% to also cover renovation and home furnishing.
What it means for Johor home buyers
If you're self-employed or a gig worker in Johor and have been rejected by banks, SJKP is the main route. Prepare 6–12 months of consistent bank statements before applying.
Original source: Bernama
This summary is written in our own words based on the original source. Refer to the source for full details.