Hanoi:An international real estate technology group, has advised first-home buyers to defer their property purchases until January 2027. This recommendation applies to properties priced between RM500,000 and RM750,000 to benefit from an increased stamp duty exemption threshold.

According to BERNAMA News Agency, Juwai IQI, The Malaysian government's Budget 2027 has elevated the property price threshold for stamp duty exemption from RM500,000 to RM750,000. Kashif Ansari, co-founder and CEO of Juwai IQI, stated that buyers could save over RM15,500 on a RM750,000 property, assuming a 90 percent loan, if they wait until the policy takes effect in January 2027.

This financial relief is available until 2030, highlighting the government's commitment to facilitating home ownership. The initiative not only raises the maximum qualifying price for exemption but also extends the program's duration through 2030.

Kashif Ansari also emphasized the government’s allocation of nearly RM1 billion for public housing projects, including the Rumah Mesra Rakyat programme and Program Residensi Rakyat (PRR), as crucial for lower-income buyers. These programs are expected to significantly impact thousands of families.

Additionally, the RM20 billion allocated for housing financing guarantees under the Housing Credit Guarantee Scheme (SJKP) is set to assist approximately 80,000 first-time buyers, particularly benefiting self-employed individuals without fixed incomes.