Over 90,000 home loans worth RM21.5b approved for B40, M40 under Housing Credit Guarantee Scheme—deputy minister

• Deputy Minister of Housing and Local Government Datuk Aiman Athirah Sabu said that of the total approved applications, a significant 89.56% involved young Malaysians aged 40 and below.

KUALA LUMPUR (Oct 13): A total of 90,779 housing loan applications worth RM21.5 billion have been approved under the Housing Credit Guarantee Scheme (SJKP) to support homeownership among the bottom 40% (B40) and middle 40% (M40) income groups, the Dewan Rakyat was told on Monday.

Deputy Minister of Housing and Local Government Datuk Aiman Athirah Sabu (pictured) said that of the total approved applications, a significant 89.56% involved young Malaysians aged 40 and below.

“This includes around 15,000 borrowers aged between 18 and 25; about 31,000 borrowers aged 26 to 30; a total of 22,356 borrowers aged 31 to 35; and 12,799 borrowers aged 36 to 40,” she said in reply to Azli Yusof (Pakatan Harapan-Shah Alam), who asked about the government's initiatives to help individuals without fixed income, such as gig workers, to own homes.

Aiman Athirah said that under the recently tabled Budget 2026, Prime Minister Datuk Seri Anwar Ibrahim had announced an expansion of the SJKP scheme with an additional RM20 billion in guarantees.

“This is good news for the people, especially once the budget receives parliamentary approval,” she added.

In his budget speech last Friday, Anwar announced that the SJKP scheme would be expanded to offer guarantees for another 80,000 first-time homebuyers.

The overall guarantee ceiling will be raised from RM10 billion to RM20 billion, a move expected to benefit more gig workers and self-employed individuals.

Separately, Aiman said the government is also implementing several other initiatives to assist low-income earners in owning homes, including rent-to-own schemes under the People's Housing Project (PPR) and the People's Residency Programme (PRR), both overseen by the Ministry of Housing and Local Government.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.