Malaysia recorded 32,800 completed but unsold residential units worth a combined RM16.37 billion as of the first quarter of 2026, with more than half comprising homes priced above RM300,000.
Deputy Housing and Local Government Minister Datuk Aiman Athirah Sabu said 15,400 units, or 46.9% of the total, were homes priced at RM300,000 and below, while the remaining 53.1% were priced above that level.
“The figures indicate that the overhang issue extends beyond affordable housing, reflecting a broader mismatch between housing supply and demand across multiple market segments,” she said during Question Time in the Dewan Rakyat.
She added that the homeownership rate among low-income households currently stands at 76.3%, noting that improving access to homeownership for youths and first-time buyers requires a more comprehensive approach.
To address the issue, she said the Housing and Local Government Ministry (KPKT) is strengthening the development of an integrated national housing data repository to support more accurate, data-driven housing planning and policymaking.
Aiman Athirah said the National Housing Policy, which is being finalised, will focus on delivering housing that better meets public needs, strengthening the housing financing ecosystem, enhancing the integrated housing database and reducing the mismatch between housing supply and market demand.
Commenting on rising construction and building material costs, she said affordable home prices are not determined solely by construction expenses but also by the need to balance affordability for buyers with the sustainability of property development.
She added that KPKT has completed affordable housing mapping using median household income data by state and district based on the Department of Statistics Malaysia’s Household Income and Basic Amenities Survey 2024.
The mapping adopts the median multiple methodology to determine genuinely affordable house price ranges based on the purchasing power of residents in each locality.
