Belanjawan 2026: Skim 'Bina Dahulu, Kemudian Jual' mungkin diperkenalkan
Kerajaan dijangka akan memperkenalkan reformasi besar dalam sektor perumahan negara...
Ansari said the budget sets the stage for a stronger property market, supported by targeted subsidies, major infrastructure investments and growth initiatives under the 13th Malaysia Plan.
He said the national spending plan is expected to deliver more affordable housing while also driving stronger demand for luxury properties from inbound tourists and expatriates.
"IQI believes the budget measures could lift 2026 residential transaction volumes by 3 to 5 per cent from full-year 2025 levels. First-home and lower mid-market price band buyers will lead the transaction volume boost.
"The biggest driver behind these additional transactions will be the RM15 billion of Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (Sara) cash assistance, which will enable families to afford bigger homes," he said in a statement.
For example, he said, a household earning RM3,000 a month can usually afford a home worth about RM209,000, assuming mortgage payments are capped at 30 per cent of income. With an extra RM300 monthly from STR and Sara, that ceiling rises to around RM279,000.
Similarly, a family earning RM4,850 per month can stretch its budget from RM339,000 to more than RM408,000 — matching the price of many new affordable homes in urban centres.
He added that other measures will also help keep housing affordable, such as lower mortgage borrowing costs following the July overnight policy rate cut to 2.75 per cent.
The government will also continue the Step-Up Financing scheme via Syarikat Jaminan Kredit Perumahan Bhd and maintain the three-year tax relief on mortgage interest for homes priced between RM500,000 and RM750,000, currently available until the end of 2027.
"These programmes show why the government's move to shift subsidies from across-the-board programmes that benefit better-off Malaysians to those that target just those who need help is so important.
"By putting cash directly into households' hands, the government makes it easier for families to meet housing needs and obtain financial independence," Ansari said.
He said the government's encouragement of investment in high-value sectors like semiconductors, artificial intelligence and renewable energy directly boosts growth in sectors that will be pillars of the economy for the long term.
This, in turn, will create better-paying jobs and attract foreign talent, all of which support housing demand across all market segments.
Malaysia's property market hit a decade-high in 2024 with 420,525 transactions worth RM232.3 billion. In the first half of 2025, transactions dipped 1.3 per cent year-on-year, although values rose 1.9 per cent, reflecting firm pricing despite softer volumes.
"We expect transactions to grow in the second half of 2025 and in 2026. The major infrastructure investments like the Johor Baru–Singapore Rapid Transit System Link, the Johor–Singapore Special Economic Zone, and MRT3 all support housing demand and new construction.
"The market is healthy and resilient, supported by high employment and economic growth," Ansari added.
