New Housing Loan Guarantees for First-Time Home Buyers

If you don't qualify for Sumbangan Tunai Rahmah (STR), you might feel like Budget 2027 left you out. But don't worry—the government has introduced several measures to help ease the cost of living for everyone, including the M40 group .

RM200 SARA MADANI credit for all adults

Even if you aren't an STR recipient, you can still get some extra cash. Every Malaysian aged 18 and above who doesn't qualify for STR will receive RM100 in credit twice in 2027—once before Hari Raya Aidilfitri and again before the 70th Merdeka anniversary . This is set to benefit about 13 million people .

More money in your pocket through tax cuts

Budget 2027 is giving your wallet a break. For the first time since 2010, the basic individual income tax relief has been raised from RM9,000 to RM12,000 . On top of that, tax rates for two middle-income brackets have been cut by one percentage point. This means about five million taxpayers could see an extra RM1,600 in their pockets every year .

Easier path to buying your first home

Planning to buy your first house? The government has extended stamp duty relief for homes priced up to RM750,000 until 2030 . Plus, the Syarikat Jaminan Kredit Perumahan (SJKP) is offering RM20 billion in loan guarantees. This is great news for 80,000 first-time buyers, especially those who are self-employed or don't have a fixed monthly payslip .

Lower electricity bills

To help keep your monthly bills down, the government is expanding electricity subsidy protection. The threshold for subsidised rates has been raised from 600kWh to 800kWh per month. This move is designed to protect about 90% of households from rising electricity costs .