2027 Budget: Housing funds, stamp duty exemptions announced

Prime Minister Anwar Ibrahim has announced housing initiatives under the 2027 Budget, including nearly RM1 billion in funding for affordable housing programmes and stamp duty exemptions for first-time homebuyers. The government will provide housing financing guarantees of up to RM20 billion through Syarikat Jaminan Kredit Perumahan (SJKP) and allocate funding for four new housing projects in various locations across Malaysia.

First-time homebuyers purchasing properties priced at RM500,000 or below will receive a full stamp duty exemption, while those purchasing properties up to RM750,000 will receive a partial exemption. The government aims to benefit 80,000 first-time homebuyers, particularly self-employed individuals who may struggle to secure housing loans due to their variable income.

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