{
  "id": 19568055,
  "title": "Still paying for an unfinished home in Malaysia? Here’s what Budget 2027 offers affected buyers",
  "url": "https://urgent.news/2026/11/11/still-paying-for-an-unfinished-home-in-malaysia-heres-what-budget",
  "topic": "world",
  "section": "World",
  "published": "2026-11-11T23:00:00.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "url": "https://www.malaymail.com/news/malaysia/2026/11/12/still-paying-for-an-unfinished-home-in-malaysia-heres-what-budget-2027-offers-affected-buyers/242394"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Nov 12 — Budget 2027 proposes several measures to help Malaysians affected by abandoned housing projects in Malaysia. An abandoned housing project is one where construction has stopped for six consecutive months, the developer is under receivership, or the developer admits it cannot continue. The ministry lists 262 abandoned private housing projects in Peninsular Malaysia, with 28,289 housing units in licensed projects and 10,605 units in unlicensed projects.\n\nBudget 2027 proposes reinstating a full stamp duty exemption for transactions involving rehabilitation of abandoned housing developments. This exemption applies to both rescue contractors or developers and original purchasers of properties in these developments for transactions executed between January 1, 2027, and December 31, 2030. The exemption is intended to reduce costs associated with rescuing unfinished developments.\n\nHowever, the government will not pay buyers' outstanding housing loans. Buyers can obtain a confirmation letter from the National Housing Department to help them seek financial assistance, such as lower interest rates, loan restructuring, or second EPF withdrawals. These arrangements are not automatic entitlements and require approval from institutions such as banks, EPF, or LPPSA.\n\nTo get official confirmation, buyers can check the housing development's status on KPKT's housing information portal, Transforming and Empowering Data Usage in Housing (TEDUH). If the development is not listed, purchasers can seek clarification from the National Housing Department's Private Housing Project Monitoring Division or submit a claim against the developer within the applicable limitation period.",
  "summary": "KUALA LUMPUR, Nov 12 — Thousands of Malaysians who bought homes in abandoned housing projects are still waiting fo...",
  "key_points": [
    "Budget 2027 proposes full stamp duty exemption for rehabilitating abandoned housing projects.",
    "Exemption applies to rescue contractors, developers, and original purchasers until Dec 31, 2030.",
    "Buyers can seek financial assistance via confirmation letter from National Housing Department."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}