“KPKT refutes report on 100,000 unsold homes, citing Napic data showing a steady decline. Housing market remains stable ahead of Budget 2026.”
Kuala Lumpur, 05th September 2025, 11.28am – The Ministry of Housing and Local Government (KPKT) has dismissed a recent newspaper report claiming more than 100,000 unsold housing units nationwide, stressing that official data from the National Property Information Centre (Napic) shows otherwise.
In a statement today, the ministry said the report was “inaccurate” and reaffirmed that housing data prepared and reported by KPKT is accurate, transparent, and consistent.
KPKT explained that it works closely with Napic through the “1 Data for 1 Nation” initiative, which integrates information under the Housing Information Management System (HIMS). This system ensures uniform data entry and provides a single reference point for the housing sector.
“The initiative prevents contradictory reports across agencies, state governments, local authorities, and developers. With accurate and consistent data, housing policies can be formulated effectively, based on the actual demand of the people,” the ministry said.
Refined definitions for housing status
KPKT announced new refinements to housing status categories:
- Completed but unsold – residential units built but not yet sold.
- Under construction but unsold – units being built and not yet sold.
- Approved but not constructed – units with permits but construction has not started.
Additionally, the ministry introduced the term “Sick Projects”, defined as projects that failed to be completed within the sale and purchase agreement (SPA) period. This aims to improve monitoring of delayed or abandoned projects.
Declining unsold completed units since 2022
Official Napic data shows a steady decline in completed but unsold residential units:
- 2022: 35,592 units
- 2023: 26,872 units
- 2024: 24,208 units
- 2025: 23,515 units
“These figures prove that the national housing market remains stable and under control, supported by policies that balance supply with demand,” KPKT added.
Housing affordability and Budget 2026 proposals
To strengthen housing access, the ministry said it has submitted 13 key proposals to the Ministry of Finance for Budget 2026, including measures under the MADANI Home Ownership Campaign (HOC 3.0).
The campaign aims to help Malaysians, especially first-time buyers, through tax and non-tax incentives while boosting the property sector as a driver of economic growth.
“KPKT assures the public that the government remains committed to ensuring a healthy, sustainable property market guided by accurate data,” the ministry said.
