Had biaya maksimum RM1 juta LPPSA mampu kurang isu rumah tak terjual, kata Rehda

Under the 2026 Budget, the maximum affordability criterion for housing financing under the Public Sector Development Finance Institution (LPPSA) has been increased from RM750,000 to RM1 million, in tandem with the expansion of public sector salaries and considering the property market pricing. This move is expected to reduce the number of unmarketed residential properties.

Rehda's President, Zaini Yusoff, stated that the enhancement of this criterion will also assist civil servants in purchasing properties as more housing units are being offered within the RM750,000 to RM1 million range. This is undoubtedly a positive step, as many properties are now valued between RM750,000 and RM1 million each. Before this change, residents could purchase homes for approximately RM500,000 to RM600,000.

Thus, this alteration may help decrease the number of unmarketed homes. Under the 2026 Budget, LPPSA's maximum affordability criterion has been raised to RM1 million alongside the public sector salary range, apart from the property market pricing factor. Housing second financing under LPPSA is also offered, and it is expected to commence from the fourth quarter of 2026.

Zaini mentioned that the impact of the higher financing criterion will be observed in terms of the number of unmarketed homes by mid-2027. He believes that people will surely take note of this development, and a change in figures is anticipated. According to Rehda's assessment, 33% of unmarketed homes are valued over RM1 million each, while the RM500,001 to RM600,000 and RM700,001 to RM800,000 ranges contribute 11% each.

The survey also revealed that 59% of respondents reported having unmarketed homes as of June 30, with loan rejection being the primary reason at 30%, followed by high prices at 21%, and unleased Bumiputera units at 16%.