PETALING JAYA: Mah Sing Group Bhd
says it hopes the government will continue to support homeownership growth among young and middle‑income households in its proposals for Budget 2027, which is set to be tabled in the Dewan Rakyat on Oct 9.
The property developer’s founder and group managing director Tan Sri Leong Hoy Kum said that among the impactful measures introduced in recent years have been stamp duty exemptions for first-time homebuyers, which have reduced the upfront cost of purchasing a home and improved affordability at the point of entry.
He also hoped that the Homeownership Campaign will be refreshed to provide cost savings, sustain healthy owner-occupier demand, and ensure long-term market stability.
“Mah Sing believes Budget 2027 presents a timely opportunity to introduce practical, forward-looking measures to strengthen Malaysia’s housing ecosystem,” he said in a statement yesterday.
Leong said access to financing remains one of the biggest barriers preventing many Malaysians from owning a house.
He said that young professionals, gig economy workers, self-employed individuals and households with irregular income documentation often have repayment capacity, but do not meet conventional lending criteria.
The group encouraged the government to continue strengthening initiatives such as the Housing Credit Guarantee Scheme, while reviewing the eligibility threshold for selected first-homeownership incentives and financing support, increasing it from RM500,000 to RM600,000 for properties in higher-cost urban areas, particularly across the Klang Valley.
To speed up housing delivery, Leong urged ongoing efforts to lower unnecessary compliance costs while maintaining governance standards through digitalisation and streamlined approvals.
He said close coordination among housing approvals, transport connectivity, power, water, and community facilities would help create well-planned, connected, and livable communities while improving development efficiency.
Leong said the continued expansion of transport infrastructure and economic corridors, including the Johor-Singapore Special Economic Zone, demonstrated how integrated planning could unlock new growth areas and strengthen long-term demand fundamentals.
“Future housing supply should also be guided by a more data-driven approach that aligned developments with genuine market demand for location, product type, and pricing,” the Mah Sing founder added. — Bernama
