{
  "id": 13124833,
  "title": "Rehda backs Budget 2027 housing measures but calls for more action on rising costs",
  "url": "https://urgent.news/2026/10/09/rehda-backs-budget-2027-housing-measures-but-calls-for-more-action-on-13124833",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T13:05:28.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/malaysia/2026/10/09/rehda-backs-budget-2027-housing-measures-but-calls-for-more-action-on-rising-costs/238496"
  },
  "original_language": "en",
  "account": "The Real Estate and Housing Developers’ Association (Rehda) has welcomed several measures in Budget 2027 aimed at supporting homeownership, while urging the government to take further action to tackle rising development costs and housing affordability. Rehda’s president, Datuk Zaini Yusoff, expressed his satisfaction with the expanded stamp duty exemptions for first-time homebuyers, noting that these measures would help lessen the initial financial burden of purchasing a home. The exemptions offer full relief for properties up to RM500,000, with partial exemptions for those up to RM750,000.\n\nZaini also welcomed Rehda’s support for stamp duty exemptions for abandoned housing projects, suggesting that such incentives could revive stalled projects and provide relief to affected purchasers. The association also appreciated the RM20 billion in housing financing guarantees under Syarikat Jaminan Kredit Perumahan, which would benefit around 80,000 first-time homebuyers, especially those with irregular incomes. Zaini emphasized that improving access to end-financing remains essential in addressing the hurdles faced by prospective purchasers.\n\nThe Rehda president was encouraged by the government’s continued commitment to affordable housing, with nearly RM1 billion allocated for Rumah Mesra Rakyat and Programme Residensi Rakyat. He highlighted other initiatives, like Petronas’ affordable housing efforts and the Bandar Madani Bukit Jalil development, as additional steps to expand opportunities for Malaysians, particularly lower-income groups. Rehda also welcomed the extension of investment tax allowances of up to 100 per cent for qualifying green technology projects until December 31, 2030.\n\nDespite the positive developments, Rehda expressed concern over the rising costs of development, including materials, labor, and regulatory compliance. Zaini called for further measures to alleviate the pressure on developers and help maintain the affordability and accessibility of housing in Malaysia.",
  "summary": "KUALA LUMPUR, Oct 9 — The Real Estate and Housing Developers’ Association (Rehda) has welcomed measures in B...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Rehda backs Budget 2027 housing measures but calls for more action on rising costs",
        "url": "https://urgent.news/2026/10/09/rehda-backs-budget-2027-housing-measures-but-calls-for-more-action-on",
        "published": "2026-10-09T13:05:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}