Youths want direct cash aid in 2027 budget, says PKR Youth exco

PKR Youth exco member Noor Amelia Zainabila Zaiffri has stated that young Malaysians are seeking direct cash assistance in the upcoming 2027 budget, according to feedback she received during town halls last year. She feels that incentives such as full stamp duty exemption for first-time homebuyers do not meet this need. The same applies to housing incentives, which while easing the burden, are not seen as direct assistance by the youth.

Former Puteri Umno information chief Shamellya Norazizi echoed this sentiment, urging the government to provide financial assistance, but also cautioned that young people should be mindful of how long they depend on such support. Home ownership is no longer a priority for Gen Z, with some opting for renting due to job mobility or settling down.

High deposits and the long loan term of up to 35 years also pose significant obstacles to homeownership for young Malaysians. However, Noor Amelia advocates for affordable housing options, rent-to-own schemes, and credit guarantees to facilitate homeownership. Shamellya further emphasized the influence of social media and peer comparisons on young people's aspirations, urging them to consider affordable starter homes and prioritize saving over excessive debt to maintain a desired lifestyle.