RM29.6b in housing financing approved under SJKP since 2021

From January 1, 2021 to August 31, 2026, the Housing Credit Guarantee Scheme (SJKP) approved financing for 114,834 housing applications amounting to RM29.6 billion in Malaysia. As of that date, 63,276 youths had benefited from the scheme, constituting 50.9 percent of all recipients. Housing and Local Government Minister Nga Kor Ming highlighted the scheme's role in increasing access to housing financing, particularly for young people and first-time homebuyers who typically struggle to meet conventional financing requirements.

The government guarantees up to RM500,000 for first-time homebuyers, including youths, gig economy workers, and individuals without fixed incomes, through the SJKP. The scheme considers different income sources and employment profiles to help reduce financing barriers for those who might not qualify under standard lending requirements.

However, homeownership affordability remains dependent on individual income, property prices, existing financial commitments, and credit eligibility. The National Housing Policy 2026-2035 will continue to emphasize affordable housing based on household income, actual demand, and suitable development locations. The government, through the Housing and Local Government Ministry, aims to ensure that young people have not only more housing options but can also afford their first homes sustainably without excessive financial burdens.