KUALA LUMPUR – The Housing and Local Government Ministry (KPKT) has refuted recent media reports that cited over 100,000 unsold housing units in the market, clarifying that the figure was inaccurate and did not accurately reflect the state of the country’s property sector, which remains stable and under control.
The ministry explained that the reported figure included not only unsold completed homes but also units under construction and those approved but not yet built, Bernama reported.
KPKT stressed that the actual number of unsold completed homes has been steadily declining since 2022, according to official data from the National Property Information Centre (NAPIC).
In 2022, there were 35,592 unsold completed units, which decreased to 26,872 units in 2023. This trend continued into 2024 with 24,208 unsold units, and it is projected to further drop to 23,515 units in 2025.
“This development confirms that the national housing market remains stable and well-regulated, with the government’s efforts to strengthen housing policies and align supply with demand proving to be effective,” said KPKT.
Furthermore, the ministry highlighted its ongoing collaboration with NAPIC to ensure accurate and consistent national housing data. As part of this effort, KPKT is working on the “Data Tunggal untuk Satu Negara” (One Data for One Country) initiative, which uses the Housing Integrated Management System (HIMS) to streamline data reporting across various government agencies, local authorities, and developers.
“This integrated system will guarantee the accuracy, clarity, and consistency of housing data nationwide, preventing discrepancies in reports from different agencies,” KPKT noted.
In addition to addressing housing market stability, KPKT also shared that it had submitted 13 key proposals to the Ministry of Finance in preparation for the 2026 Budget.
Among these proposals is the Madani Home Ownership Campaign (HOC 3.0), which aims to make first-time homeownership more accessible through a package of tax and non-tax incentives.
“The ministry assures the public that the government remains committed to ensuring a healthy, sustainable property market, guided by accurate data,” KPKT concluded. – September 5, 2025.