From Malay Mail · Milad Hassandarvish · · 1m 20s
Rehda Supports Budget 2027 Housing Measures
Rehda backs Budget 2027 housing reforms but demands more action on rising costs.
In brief
Rehda backs Budget 2027 housing reforms but demands more action on rising costs. Rehda supports Budget 2027 housing measures but calls for increased government action on rising development costs and housing affordability. Originally reported by Malay Mail.
Rehda supports Budget 2027 housing measures
The Real Estate and Housing Developers' Association (Rehda) welcomed Budget 2027 measures to ease homeownership costs, including expanded stamp duty exemptions for first-time buyers.
“Rehda welcomed measures in Budget 2027 to support homeownership, while urging the government to do more to address rising development costs and housing affordability.”
Expanded stamp duty exemptions for first-time buyers
Buyers of properties priced up to RM500,000 receive full stamp duty exemptions on instruments of transfer and loan agreements.
“Under the measures announced, buyers of properties priced up to RM500,000 would receive full stamp duty exemptions on instruments of transfer and loan agreements.”
Partial exemptions for higher-priced properties
For properties priced up to RM750,000, the exemption covers the first RM500,000 with a 50 per cent exemption on the remaining amount.
“For properties priced up to RM750,000, the exemption would cover the first RM500,000, with a 50 per cent exemption on the remaining amount.”
Housing financing guarantees
Rehda welcomed RM20 billion in housing financing guarantees expected to benefit about 80,000 first-time homebuyers.
“Rehda welcomed RM20 billion in housing financing guarantees under Syarikat Jaminan Kredit Perumahan, which is expected to benefit about 80,000 first-time homebuyers.”
Affordable housing initiatives
Rehda praised nearly RM1 billion allocated for affordable housing initiatives, including Rumah Mesra Rakyat and Programme Residensi Rakyat.
“Rehda said the government’s continued commitment to affordable housing was also encouraging, with nearly RM1 billion allocated for Rumah Mesra Rakyat and Programme Residensi Rakyat.”
Rising development costs concern
Rehda remains concerned about rising development costs including construction materials, labour and regulatory compliance.
“Rehda remained concerned about rising development costs, including construction materials, labour and regulatory compliance.”
Call for government action
Rehda urges the government to review all related charges imposed by federal and state governments to improve housing affordability.
“More needs to be done to ensure a more holistic change in housing affordability, such as the review of all related charges imposed by the federal and state governments.”
The one thing
Rehda supports Budget 2027 housing measures but calls for increased government action on rising development costs and housing affordability.
