Budget 2027: Stamp duty exemption proposed for first homes up to RM500,000

KUALA LUMPUR, Oct 9 — Prime Minister Datuk Seri Anwar Ibrahim announced today that the government will propose a full stamp duty exemption for first home buyers. The exemption will apply to loan agreements and instruments of transfer for properties priced up to RM500,000. Anwar stated that the exemption would cover sale and purchase agreements from January 1, 2027, to December 31, 2030.

Furthermore, the government will provide a 50 per cent exemption on the portion exceeding RM500,000 for first homes priced up to RM750,000. This announcement was made when the Prime Minister tabled the Budget 2027 in the Dewan Rakyat. In a related initiative, Anwar also revealed plans to offer full stamp duty exemptions on loan agreements and instruments of transfer for abandoned housing projects, which will commence from January 1, 2027, to December 31, 2030.