2027 Budget: Mah Sing hails measures to boost housing affordability
KUALA LUMPUR: Mah Sing Group Bhd welcomed the 2027 Budget measures to ease living costs and improve housing affordability by boosting household disposable income, reducing upfront homebuying costs and widening access to housing financing.
Malaysia's Mah Sing Group expressed satisfaction with the 2027 Budget measures aimed at enhancing housing affordability. The group's founder and managing director, Tan Sri Leong Hoy Kum, highlighted the initiatives' importance for first-time homebuyers and middle-income households. Leong praised the government's focus on infrastructure development, public transport connectivity, energy security, and a sustainable economy.
Mah Sing intends to further support the government's goals by making homes more accessible, creating sustainable communities, and contributing to Malaysia's economic growth.
The group welcomed the proposed extension of stamp duty exemptions for first-time buyers purchasing properties up to RM500,000. Leong also appreciated the expansion of stamp duty relief to properties priced between RM500,000 and RM750,000. Furthermore, Mah Sing lauded the government's increased funding for the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) programs, as well as measures to improve access to affordable daily necessities.
This, combined with personal income tax relief, demonstrates the government's commitment to reducing the financial burden on Malaysians and ensuring a more equitable distribution of economic benefits.
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