Budget 2027: Govt proposes stamp duty exemptions for first-time homebuyers
Malaysia's Prime Minister Anwar Ibrahim has announced new stamp duty exemptions for first-time homebuyers in the 2027 Budget. The policy aims to support home ownership and eliminate abandoned housing projects by 2030.
Why it matters
These fiscal measures are designed to stimulate the real estate market and provide social relief to citizens struggling with housing costs.
KUALA LUMPUR: The government has proposed full stamp duty exemptions on loan agreements and property transfer documents for first-time homebuyers purchasing properties priced up to RM500,000, said Prime Minister Datuk Seri Anwar Ibrahim.
For first homes priced above RM500,000 and up to RM750,000, a full exemption will apply to the first RM500,000, with a 50% exemption on the remaining amount.
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