Funds 2026: Housing Highlights

In presenting the Malaysian Funds 2026, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim introduced a number of strategic allocations and incentives geared toward supporting housing improvement, city renewal, and property market resilience. Beneath are some key measures that immediately and not directly have an effect on Penang’s property market:

A flat stamp responsibility fee of 4%–8% will likely be imposed on property transfers involving non-citizens and overseas firms, with everlasting residents exempted from this measure.

The total stamp responsibility exemption on first-home purchases as much as RM500,000 is prolonged till 31 December 2027, persevering with to help first-time homebuyers amid rising property prices.

UDA Holdings Bhd will lead wakaf land improvement initiatives value practically RM250 million, together with Taman Wakaf Seetee Aisah Phases 2 and three and Taman Sultan Sallehuddin Phases 1B and 2B.

Further allocations embody tax deductions of as much as RM500,000 for renovation and refurbishment of enterprise premises by tourism venture operators, RM76.6 million to improve City Transformation Centre (UTC) amenities, and RM2.3 billion for airport upgrades in Penang, Sabah, and Sarawak, scheduled for completion by 2028.