Rehda asks for special Home Ownership Campaign targeted at unsold completed units for 2027 budget
KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) Malaysia has called on the government to introduce a special Home Ownership Campaign (HOC) next year to tackle the issue of existing unsold completed residential units.
KUALA LUMPUR: The Real Estate and Housing Developers Association (Rehda) Malaysia has urged the government to launch a special Home Ownership Campaign (HOC) in 2027 to address the issue of unsold completed residential units. The association argues that while the National Housing Policy (DRN) 2026-2035 aims to balance supply and demand, immediate action is needed to clear the existing unsold stock.
Rehda suggests the HOC would boost market liquidity and allow capital to flow into new projects. The association also points out that prospective buyers face difficulties in accumulating funds for stamp duty and other charges, and extends current stamp duty relief to residential properties priced between RM500,000 and RM1 million to facilitate purchases.
The group also proposes enhancing Skim Jaminan Kredit Perumahan (SJKP) and other housing financing mechanisms. Rehda also recommends reviewing government-imposed costs and regulatory requirements affecting residential development to improve affordability. The association further suggests targeted fiscal incentives for the adoption of modern construction technologies, such as Building Information Modelling (BIM), Industrialised Building System (IBS), artificial intelligence (AI), automation, and green building practices.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
