The government has extended and introduced several property-related measures under Belanjawan MADANI 2026 to make housing more accessible, control property prices, and encourage the redevelopment of existing spaces into residential use.
Extended Stamp Duty Exemption For First-Time Homebuyers
The stamp duty exemption for first-time homebuyers purchasing residential properties priced up to RM500,000 will be extended for another two years, until 31 December 2027.
This exemption applies to both the property transfer instrument and the loan agreement, helping Malaysians, especially young and middle-income buyers, reduce upfront costs when purchasing their first home.
Higher Stamp Duty For Foreign Property Buyers
Foreign buyers, including non-citizens and foreign companies, will be subject to a flat stamp duty rate of between 4% and 8%, depending on the value of the property.
Permanent residents are exempted from this higher rate. The measure aims to ensure the property market remains competitive and to prevent excessive price increases that could affect affordability for Malaysians.
Support For Rent-To-Own And Build-Then-Sell Housing Schemes
Aligned with the 13th Malaysia Plan (RMK13), the government is encouraging financial institutions to support the implementation of rent-to-own (RTO) and build-then-sell (BTS) housing schemes.
These programmes aim to increase homeownership options while ensuring more stable and transparent property delivery systems.
Tax Deduction For Developers Converting Commercial Buildings
Developers that convert commercial buildings into residential properties will be eligible for a special tax deduction of 10% on qualifying expenditures, capped at RM10 million.
This incentive encourages the conversion of underutilised commercial spaces into homes, helping address housing demand in urban areas.
Allocation For Non-Muslim Houses Of Worship
To maintain places of worship for Malaysia’s multi-faith communities, the government has allocated RM50 million for the repair and maintenance of registered non-Muslim houses of worship across the country, including Sabah and Sarawak.
Supporting Affordability And Urban Renewal
Through these measures, Belanjawan MADANI 2026 aims to strengthen access to affordable housing, promote responsible investment, and revitalise urban spaces.
Stay tuned for more updates from Budget 2026.
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