KPKT gets RM6.3555 Billion under Budget 2027. How would this benefit the rakyat?

KPKT gets RM6.3555 Billion under Budget 2027. How would this benefit the rakyat?

I do think the Budget 2027 is good news for KPKT.

Article in edgeprop.my. The Ministry of Housing and Local Government (KPKT) has been allocated RM6.355 billion under Budget 2027, an increase of RM266.74 million, or 4.38%, compared with 2026. The allocation covers housing, local authority services, community facilities and fire and rescue services.

Key housing measures include:

• RM1 billion for Rumah Mesra Rakyat and Program Residensi Rakyat, including new projects in Kulai, Johor; Nilai, Negeri Sembilan; Paya Rumput, Melaka; and Lembah Pertang.
• Up to RM20 billion in housing financing guarantees through SJKP, intended to assist 80,000 first-time homebuyers, particularly self-employed Malaysians without fixed incomes.
• Proposed stamp duty exemptions for eligible first-time homebuyers: full exemption for homes priced up to RM500,000, and full exemption on the first RM500,000 plus a 50% exemption on the balance for homes priced above RM500,000 and up to RM750,000.
• Proposed stamp duty exemptions to help revive abandoned housing projects.

Beyond housing, RM700 million is allocated for small local authority projects, RM320 million for slope and drainage repairs, RM100 million for ageing infrastructure in Chinese new villages, and RM80 million for registered non-Muslim places of worship. Another RM2.3 billion is allocated for the construction and maintenance of quarters for essential service personnel. Read the article in full here: edgeprop.my.

My personal views about property ownership

Everyone deserves a home. It is a basic need, not a luxury reserved only for people who can afford to buy a property. Certainly every Malaysian should have a proper roof over their head.

Of course, owning a home is a meaningful goal. But having a home and owning a home are not the same thing. For some Malaysians, buying may be achievable with the right financing and a suitable property. For others, a safe and affordable rental home may be the more realistic option for now.

We should therefore measure our progress (especially that of KPKT) not only by how many houses are built , but also by how many people can actually afford a decent place to live.

Could we provide more “very affordable” rental units? Could public housing be better maintained, located near jobs and public transport, and designed around the needs of different households? Could we ensure that assistance reaches those who need it most?

Budget allocations are a starting point. What matters is implementation, affordability and whether the intended households truly benefit.

We must keep striving towards a Malaysia where everyone has a safe, decent and affordable place to call home — whether they buy it or rent it.

Thank you KPKT in advance.

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