2027 Budget: First-time homebuyers get full stamp duty exemptions for houses up to RM500,000
KUALA LUMPUR: First-time homebuyers purchasing properties priced up to RM500,000 will enjoy full stamp duty exemptions on loan agreements and instruments of transfer under the 2027 Budget 2027, in a move to improve housing affordability.
First-time homebuyers in Malaysia will receive full stamp duty exemptions for properties up to RM500,000 under the 2027 Budget, announced by Prime Minister Datuk Seri Anwar Ibrahim. The government will also provide exemptions on the initial RM500,000 and a 50% reduction on the remaining amount for homes priced up to RM750,000. These exemptions will be applicable to sale and purchase agreements executed between January 1, 2027, and December 31, 2030.
Additionally, the government intends to eliminate abandoned housing projects by 2030, offering full stamp duty exemptions to rescue contractors or developers, along with the original purchasers, during this period. Anwar highlighted the provision of up to RM20 billion in housing financing guarantees via the Syarikat Jaminan Kredit Perumahan (SJKP), which aims to support 80,000 first-time homebuyers, especially self-employed individuals without fixed incomes, in obtaining housing financing.
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.
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