According to the pre-budget 2022 statement last year, an allocation worth RM2bil has been set aside for a housing credit guarantee scheme to help all individuals without a solid income purchase a home.

Sarawak has stepped up by being the first state in the country allowing first-time homeowners in the B40 and M40 categories to receive up to RM10,000 in the Housing Deposit Assistance Scheme(HDAS).

Chief Minister Tan Sri Abang Johari Openg had first introduced this initiative in October stating that the state seeks to assist B40 and M40 groups not only to buy their first home but also to promote economic growth.

This initiative is managed by the Mutiara Mortgage & Credit Sdn Bhd(Mutiara) and is given an allocation of RM10mil and is estimated to benefit approximately 1,200 homeowners as set by the state government in the 2022 state budget. 

Applications can be submitted through developers whose projects or schemes have been approved by Mutiara. 

This also applies to owners of land given by the Land & Survey Department under the Village Expansion Scheme (SPK) and the Resettlement Scheme are in the same boat (SPS). 

These are the criteria for applicants of the HDAS:

1. Only Sarawakians with permanent resident status in the B40 and M40 categories.

2. A monthly household income of RM3,729 and below, and RM3,730 to RM8,649, respectively.

The residential schemes or projects that are covered under HDAS are as listed: 

• Low cost units(RM50,400 - RM59,220) 



• Low cost plus or medium cost units (RM80,000 - RM100,000) 



• Spektra Lite(RM100,000 - RM120,000)



• Spektra Medium(RM135,000 - RM168,000) 



• Spektra Plus or Putera(RM150,000 - RM198,000) 



• Spektra Permata(RM90,000 - RM160,000) 



• Sri Pertiwi (RM270,000 - RM295,000)



• Any affordable housing built by State government agencies and subsidiaries for less than RM300,000, including joint-development with a private developer.

HDAS solely covers Spektra Mutiara properties with construction prices ranging from RM90,000 to RM160,000 for participants of the Spektra Mutiara Housing Program.

The application form for HAS allocation complete with statutory personal documents, approval letter from Ministry of Local Government and Housing (MLGH) or Housing Development Corporation (HDC) or Land and Survey Department, and a copy of the Sales and Purchase Agreement or Sales Confirmation Slip issued by developer dated not earlier than October 2021 are among the documents to be submitted to Mutiara.

Participants in the Spektra Mutiara Housing Program must attach a confirmation copy of the Spektra Mutiara House design and pricing from the contractor.

The allocation or deposit will be released to the developer through its Housing Developer Account (HDA) or contractor if all terms and conditions are met, according to the Chief Minister's Office.