Full stamp duty exemption proposed for first homes up to RM500,000
The proposed relief would cover purchases under sale-and-purchase agreements executed from Jan 1, 2027, to Dec 31, 2030.
Malaysia’s government has proposed waiving stamp duty in full for first-home purchases priced up to RM500,000, covering both housing loan agreements and property transfer instruments.
For first homes costing between RM500,000 and RM750,000, the proposal would exempt the first RM500,000 and provide a 50% exemption for the balance. Eligibility would depend on sale-and-purchase agreements being executed between Jan 1, 2027 and Dec 31, 2030. Before these proposed changes, stamp duty amounts to RM9,000 on a RM500,000 home and RM15,000 on a RM700,000 property.
A separate proposal would fully exempt housing loan agreements and transfer instruments involving abandoned housing projects. It would cover instruments executed between Jan 1, 2027 and Dec 31, 2030, supporting the government’s target of having no abandoned housing projects by 2030.
The government will also provide housing financing guarantees of up to RM20 billion through Syarikat Jaminan Kredit Perumahan, a government-owned company, to assist 80,000 first-time homebuyers. The guarantees are expected to benefit self-employed applicants and people without fixed incomes who may have difficulty obtaining conventional housing loans.
Nearly RM1 billion has been allocated to Program Residensi Rakyat and Rumah Mesra Rakyat to support adequate housing for B40 households. Funding will go towards four new projects: Kulai (Johor), Nilai (Negeri Sembilan), Paya Rumput (Melaka), and Lembah Pertang (Terengganu).
