KUALA LUMPUR, Sept 13 – The Real Estate and Housing Developers’ Association Malaysia (Rehda) is eagerly anticipating Budget 2025, scheduled to be tabled on October 18, hoping that the government will maintain its support for first-time homebuyers.
Its president, Datuk Ho Hon Sang believes that continued assistance will play a crucial role in stimulating the property market and making homeownership more accessible.
He suggests that first-time homebuyers should enjoy a tax deduction on interest incurred during the construction period or personal tax relief of RM20,000 on property priced up to RM500,000.
“Homebuyers should also be granted a one-off tax relief amounting to RM30,000 for property priced up to RM500,000.
“There should be a rent-to-own scheme for first-time buyers and more banks should actively implement the step-up financing scheme to bridge affordability,” he told Bernama news agency in response to Rehda’s Budget 2025 aspirations.
