Malaysia new residential launches surge 70.3% in Q3 2026, completed unsold stock rises
Malaysia's new residential launches jumped 70.3% year on year in Q3 2026 to 19,642 units, while completed unsold residential stock rose to 33,598 units worth RM19.55 billion. The Valuation and Property Services Department (JPPH) reported 108,990 total property transactions worth RM60.31 billion for
PETALING JAYA (Nov 13): Malaysia’s new residential launches rose 70.3% year on year in the third quarter of 2026, with a total of 19,642 units launched compared with 11,533 a year earlier, according to the Valuation and Property Services Department (JPPH). Sales performance stood at 7.1%.
Completed unsold residential properties stood at 33,598 units worth RM19.55 billion, while completed unsold serviced apartments totalled 23,568 units valued at RM20.13 billion.
Across the broader property market, Malaysia recorded 108,990 transactions worth RM60.31 billion during the quarter, with transaction volume edging up 0.7% from a year earlier. Residential properties accounted for 61% of total transactions, followed by agricultural properties at 18.5%.
Homes priced at RM300,000 and below represented more than half of residential transactions nationwide. However, preliminary state transaction tables for Selangor, Kuala Lumpur, Johor and Penang showed that residential properties within that price bracket accounted for less than half of residential deals in each of the four markets. Properties priced at RM300,000 and below accounted for 32.6% of Selangor’s 14,875 residential transactions and 27.9% of Kuala Lumpur’s 4,323 deals. The equivalent shares were 38.1% in Johor and 42.8% in Penang.
Kuala Lumpur recorded 1,124 residential transactions above RM1 million, representing 26% of its residential deals. The state tables showed differing trends: Kuala Lumpur recorded a 14.1% year-on-year increase in residential transactions, while Selangor’s rose 2.1%. Johor registered growth of 1.7% to 10,691 transactions, but Penang recorded an 11.8% decline to 4,071 transactions. The third-quarter state figures are preliminary.
Nationally, commercial transaction volumes increased 5.3% year on year, while development land transactions rose 5.2%. The Malaysian House Price Index recorded growth of 0.5% to 235.4 points, with the average house price at RM507,809. JPPH described price movements as stable and said construction activity remained active. In commercial property, shopping complex occupancy remained stable at 76.6%, while occupancy of purpose-built offices increased to 78.8%.
JPPH director-general Datuk Abdul Razak Yusak said government initiatives had encouraged property demand and supported access to home ownership, including housing financing guarantees of up to RM20 billion under the Housing Credit Guarantee Scheme (SJKP) and the extension of full stamp duty exemption for first-home purchases priced up to RM500,000 until Dec 31, 2027. JPPH expects the property market to maintain a stable performance, supported by economic growth and active construction, but cautioned that external developments and affordability constraints remained risks.
