What is the total government allocation for affordable housing next year?

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Government Allocates RM672 Million Under Budget 2026 for Affordable Housing Initiatives

The Malaysian government plans to allocate RM672 million under Budget 2026 to fund the continued construction of affordable homes. This funding will support programmes such as Residensi Rakyat and Rumah Mesra Rakyat. While the RM672 million is earmarked for Budget 2026, several affordable housing projects are slated for completion in the upcoming year, which will benefit an estimated 33,000 residents.
Funding for Residensi Rakyat and Rumah Mesra Rakyat Programmes

The RM672 million allocation under Budget 2026 is specifically designated for continuing the development of affordable housing through the Residensi Rakyat and Rumah Mesra Rakyat initiatives. These programmes aim to provide accessible housing options for Malaysians. The commitment signifies a sustained effort to address the housing needs of the population.
Projects Slated for Completion Next Year

As part of the ongoing affordable housing efforts, several projects are anticipated to reach completion in the year preceding Budget 2026. These include developments like the Ayer Lanas Residensi Rakyat in Jeli, Kelantan, and the Masai Residensi Rakyat in Johor. Upon completion, these projects are expected to house approximately 33,000 residents, demonstrating tangible progress in the delivery of affordable homes.
Enhanced Support for First-Time Homebuyers

Beyond direct construction, the government is implementing measures to assist first-time homebuyers. The housing credit guarantee scheme will see its loan guarantees doubled to RM20 billion from RM10 billion, a move intended to aid an additional 80,000 individuals, including those in the gig economy and self-employed. Furthermore, full stamp duty exemptions on transfer instruments and loan agreements for homes valued up to RM500,000 are proposed to be extended until December 31, 2027.

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What is the total government allocation for affordable housing next year?

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