Wage hike, 2027 Budget measures to cushion property demand
KUALA LUMPUR: The revised minimum wage announced in the 2027 Budget is expected to support household spending could help sustain property demand amid concerns over rising borrowing costs.
KUALA LUMPUR: Government's 2027 Budget proposals, including a minimum wage hike to RM2,000 and extended stamp duty relief, are expected to bolster household spending and stabilize property demand despite rising borrowing costs. RHB Research analyst Loong Kok Wen highlighted that the measures target middle-income earners and align with expectations for a positive impact on the property sector.
The Stamp Duty Relief Extension for first-time homebuyers, effective Jan 1, 2027 to Dec 31, 2030, will provide substantial upfront cost savings, benefiting developers of mid-range and affordable properties. Additionally, RHB Research identifies EcoWorld, Sunway, and IOI Properties as top picks for their strong fundamentals and promising property sales performance.
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