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Malaysia's housing market is struggling with 32,800 completed residential units worth RM16.37 billion remaining unsold as of Q1 2024, signalling structural problems across all price segments, not just affordable housing.
Malaysia's Competition Commission has completed a comprehensive study of the housing sector and found no evidence of anti-competitive practices affecting property prices, Deputy Domestic Trade and Cost of Living Minister Datuk Dr Fuziah Salleh told Parliament.
Parliament convenes for a 16-day session addressing water resource expansion in Johor, strengthening competition monitoring in housing markets, and implementing age verification safeguards for social media users.
National Property Information Centre data shows 14,201 completed residential units valued at RM2.77 billion remain unsold, revealing a fundamental mismatch between developer supply strategies and household purchasing capacity across Malaysia.