Budget 2027 wishlist: Rehda wants wider housing loan access, special campaign for unsold units

The Real Estate and Housing Developers' Association (Rehda) Malaysia has put forth several proposals for the 2027 Budget, including enhancing the Housing Credit Guarantee Scheme (SJKP), expanding financing structures, and extending existing stamp duty relief for properties above RM500,000 up to RM1 million. The association also seeks a special Home Ownership Campaign for unsold completed residential units with a Certificate of Completion and Compliance.

Rehda president Datuk Zaini Yusoff highlighted that young Malaysians, self-employed individuals, and those with low or non-traditional incomes face significant barriers when it comes to accessing housing financing. To address this, the proposals include stepped-up financing structures with lower repayments during the initial years of house ownership.

Additionally, the association advocates for fiscal incentives to boost construction productivity, technology adoption, and green and sustainable housing development as part of the Budget 2027 proposals.