Anwar Ibrahim unveils RM1 billion housing boost and stamp duty relief in 2027 budget
Prime Minister Anwar Ibrahim announced nearly RM1 billion for affordable housing and stamp-duty exemptions for first-time buyers in the 2027 budget.
Prime Minister Datuk Seri Anwar Ibrahim disclosed that the 2027 Budget will allocate almost RM1 billion to affordable-housing programmes, notably the Rumah Mesra Rakyat and Program Residensi Rakyat schemes. Four new residential sites are planned in Kulai (Johor), Nilai (Negeri Sembilan), Paya Rumput (Melaka) and Lembah Pertang (Terengganu), with registration for the first phase of Bandar Madani Bukit Jalil opening on Monday.
The government will extend housing-loan guarantees of up to RM20 billion via Syarikat Jaminan Kredit Perumahan (SJKP). First-time buyers of properties priced at RM500,000 or less will receive a full stamp-duty exemption on loan and transfer documents, while purchases up to RM750,000 will get full relief on the first RM500,000 and a 50 % waiver on the balance. These tax breaks apply to transactions completed between 1 January 2027 and 31 December 2030, and a similar waiver will support rescue contractors and original buyers of abandoned projects to meet the 2030 zero-abandonment goal.
Why it matters
The package targets 80,000 new homeowners and seeks to stop abandoned housing projects.
How the sides frame it
HIGH AGREEMENTAll three camps report the same budget measures - a RM1 billion housing fund, loan guarantees for 80,000 first-time buyers and stamp-duty relief - with only minor wording differences.
LEFT
Highlights the RM1 billion public-housing fund, new registration sites and the focus on self-employed first-time buyers.
CENTER
Emphasizes the up-to-RM20 billion loan-guarantee scheme for 80,000 first-time homebuyers and the detailed stamp-duty exemptions.
RIGHT
Points out the near-RM1 billion allocation to affordable-housing programmes, new residential sites and the 50 % stamp-duty waiver for homes up to RM750,000.
The left emphasises
- RM1 billion fund for public-housing initiatives
- registration for the inaugural phase opens on Monday
- targeting self-employed applicants
The right emphasises
- almost RM1 billion allocated to affordable-housing programmes
- four new residential sites in Kulai, Nilai, Paya Rumput and Lembah Pertang
- full stamp-duty exemption up to RM500,000 and 50 % waiver up to RM750,000
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