How much discount do first-time buyers receive from PKNS?

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First-Time Buyers Receive 10 Per Cent Discount Under PKNS Scheme

First-time homebuyers can benefit from a 10 per cent discount on the offer price of properties under the Selangor State Development Corporation's (PKNS) '1st Ownership' scheme. In addition to this discount, PKNS will also absorb the downpayment and associated fees for the sales and purchase agreement (SPA) and memorandum of transfer (MOT) for eligible buyers. This initiative is part of PKNS's broader effort to encourage more citizens to purchase homes.
'1st Ownership' Scheme Benefits

The '1st Ownership' scheme is specifically designed to assist individuals purchasing their first property. Under this programme, buyers are entitled to a direct 10 per cent reduction from the property's offer price. This financial incentive aims to make homeownership more accessible, particularly for those entering the property market for the first time.
Absorption of Associated Costs

Beyond the percentage discount on the property price, PKNS further eases the financial burden by covering the initial downpayment. Furthermore, the corporation will also absorb the costs related to the sales and purchase agreement (SPA) and the memorandum of transfer (MOT). These are typically significant expenses that first-time buyers would otherwise have to finance.
Limited-Time Offer and Project Availability

The incentives offered through these schemes are available for a limited duration. For housing projects that have already been developed, the '1st Ownership' scheme is valid for six months, with registration and booking accepted until July 31. For projects that are yet to be launched, the offer will extend until the end of December. PKNS may consider extending these schemes based on the market's response.
PKNS's Broader Objectives

These attractive sales packages and incentives are intended to alleviate the financial strain on potential homebuyers, especially considering the current economic climate. PKNS aims to boost the sales of its housing projects, which include developments in areas such as Alam Nusantara, Antara Gapi, Kota Puteri, and Bernam Jaya. The corporation has set a target to sell 80 per cent of the units in these projects.

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How much discount do first-time buyers receive from PKNS?

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