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PETALING JAYA (April 6): Malaysia's housing credit guarantee scheme is being scaled up significantly, with the government targeting 100,000 first-time homeowners this year under an expanded RM40 billion facility.
Housing and Local Government Minister Nga Kor Ming (pictured) yesterday confirmed the additional RM10 billion allocation for the Skim Jaminan Kredit Perumahan (SJKP) under Budget 2026 during the closing ceremony of Program MADANI Rakyat 2026 in Ipoh, Perak, bringing the scheme's total fund size to RM40 billion.
"Through this initiative, KPKT aims to help 100,000 individuals own their homes by the end of this year," Nga said in a statement.
The expansion comes as the scheme approaches its near-term capacity. As at September 25, 2025, SJKP had approved housing loan guarantees totalling RM23.17 billion, benefiting 97,180 individuals — indicating the additional allocation was needed to sustain momentum through the remainder of the year.
Nga warned developers against using the Middle East crisis as a pretext to raise property prices, noting that the government's RM4.0 billion monthly fuel subsidy protects construction logistics from global volatility.
In reaffirming KPKT's commitment to price stability for affordable housing, he urged industry players to avoid profiteering while benefiting from domestic subsidies.
The ministry is actively monitoring ongoing projects to ensure external supply chain pressures do not translate into delays or disruptions for buyers in FY2026.
The event was attended by Datuk Wira Dr M Noor Azman Taib, secretary-general of KPKT, alongside representatives from the Perak state government and the Prime Minister's Office.
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