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

Under the 2026 budget, the maximum affordability standard for housing financing under the Public Sector Housing Finance Institution was increased from RM750,000 to RM1 million, alongside the expansion of public sector salaries. This move by the government is expected to reduce the number of property investment holdings that remain unsold.

Rehda Housing and Real Estate Association president Zaini Yusoff said that the increased limit will also aid government employees in purchasing property as more homes are offered within the RM750,000 to RM1 million range. This is definitely beneficial, as many properties are now valued between RM750,000 and RM1 million per unit.

Prior to this change, homes could be purchased for around RM500,000 to RM600,000. Therefore, the alteration will likely help decrease the number of unsold homes, he said at the Rehda Housing Industry Review half-yearly meeting for the first half of 2026. The affordability standard for the second home under LPPSA will also be increased to RM1 million as of the fourth quarter of 2026, contingent on public sector salary increases.

Zaini explained that the impact of the higher financing limit can be observed in the number of unsold homes in the first half of 2027. He believes that this change will be taken into account, and the relevant figures are expected to change. According to Rehda review data, 33% of unsold homes are valued over RM1 million per unit, while the RM500,001 to RM600,000 and RM700,001 to RM800,000 ranges contribute 11% each.

The survey also found that 59% of respondents reported unsold homes as of June 30, with loan rejection being the primary reason for 30%, followed by high prices at 21%, and unexecuted unit allocations at 16%.