Malaysia’s Unsold Homes Rise To 33,094 Units In 2026

Malaysia recorded 33,094 completed unsold residential units worth RM17.78 billion in the first half of 2026, an 8.6% increase from the previous half-year. Serviced apartments saw an even sharper rise, reaching 23,375 unsold units worth RM19.33 billion. Johor recorded the highest number of unsold completed homes and serviced apartments nationwide.

Thousands Of Homes Are Ready To Move Into, But Nobody Has Bought Them

Malaysia isn’t simply dealing with houses that are still under construction and waiting for buyers. By the end of the first half of 2026, 33,094 completed residential units were still unsold, carrying a combined value of RM17.78 billion. That’s up from 30,471 units just six months earlier. High-rise homes made up the biggest portion of this inventory at 43.4%, followed by terraced houses at 34.9%. And this isn’t entirely a luxury-property problem either: 37.3% of the completed unsold homes were priced at RM300,000 and below. Perhaps the more revealing figure is age. Around 38% of these properties came from projects launched between six and 10 years ago, suggesting that part of Malaysia’s housing problem isn’t simply producing enough homes, but producing homes that buyers actually want and can realistically purchase.

Serviced Apartments Are Facing An Even Bigger Problem

The residential numbers are already significant, but serviced apartments tell an even more dramatic story. These properties, which are classified separately under commercial property, saw their completed unsold stock surge 24.7% in only six months, from 18,752 units to 23,375 units. Together, they were worth RM19.33 billion. More than half, or 55.2%, were priced between RM500,001 and RM1 million, while a striking 71.1% came from projects launched six to 10 years ago. Johor stands out most clearly in the data, recording 9,946 unsold serviced apartments alongside another 4,222 completed unsold residential units. Yet development hasn’t stopped: Johor also recorded 6,697 new residential launches during the first half of the year, second only to Selangor’s 8,354 units.

So Why Keep Building When Tens Of Thousands Of Units Are Still Unsold?

That’s where Malaysia’s property situation becomes more complicated than simply saying there are “too many houses”. Bank Negara Malaysia has previously described a persistent supply-demand mismatch, noting that affordability constraints and project-specific factors such as location and target demographics contribute to older units remaining unsold. At the same time, people are still buying property. Malaysia recorded 187,320 property transactions worth RM105.12 billion in the first half of 2026, including 110,998 residential transactions worth RM47.11 billion. Finance Minister II Datuk Seri Amir Hamzah Azizan therefore described the broader market as resilient despite the increase in unsold stock. Put together, the numbers point to a market where demand hasn’t disappeared. The harder question is whether enough of the homes being supplied actually match what buyers can afford, where they want to live and what type of property they are willing to buy.

Key Facts

What happened: Malaysia’s stock of completed but unsold residential properties increased in the first half of 2026.

Unsold completed homes: 33,094 units worth RM17.78 billion.

Change: Up 8.6% from 30,471 units in the second half of 2025.

Unsold serviced apartments: 23,375 units worth RM19.33 billion.

Biggest category among unsold homes: High-rise properties, at 43.4%.

Where is the biggest overhang: Johor recorded 4,222 unsold completed homes and 9,946 unsold serviced apartments.

Market activity: Malaysia still recorded 187,320 property transactions worth RM105.12 billion between January and June 2026.

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Sources

Original report: NST
Primary data: Property Market Report for the First Half of 2026, Valuation and Property Services Department (JPPH)
Reporting period: January to June 2026
Supporting context: Bank Negara Malaysia Financial Stability Review
Current status: Completed unsold residential and serviced apartment inventory increased during H1 2026.

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An independent writer who enjoys finding interesting angles in everyday stories. He believes even the simplest moments can be worth sharing when they’re told in a clear, relaxed and easy-to-understand way.