Kuala lumpur: A total of 1,289 abandoned private housing projects have been successfully revived by the Ministry of Housing and Local Government’s (KPKT) special task force from 2023 to September 2025. The ministry’s secretary-general Datuk M Noor Azman Taib highlighted that this initiative involved 154,659 residential units with a gross development value of RM123.7 billion.
According to BERNAMA News Agency, Datuk M Noor Azman Taib stated, “For this year alone, 362 sick and delayed housing projects have been successfully revived. This is proof that when the government and industry work together, no project is impossible to save.” He further emphasized the government’s commitment by mentioning the allocation of RM25.84 million in the Budget 2026 specifically for the recovery of abandoned projects, demonstrating the government’s determination to resolve the plight of affected homebuyers.
He made these remarks at the Real Estate and Housing Developers’ Association Malaysia (REHDA) annual dinner. Additionally, Nor Azman reported that as of September 30, 2025, there are 501,033 affordable housing units available nationwide, comprising completed houses and those in various stages of development, marking a significant achievement in the country’s history.
Nor Azman also mentioned that the KPKT is in the process of amending Act 118 to align with the current developments and needs of the housing sector. The proposed amendments aim to prioritize homebuyers’ welfare, strengthen developer governance, increase transaction transparency, and ensure that housing projects are implemented responsibly and with a focus on consumer protection.
Commenting on the sector, Datuk M Noor Azman Taib noted that the country’s property market remains resilient in the first half of 2025. Despite a slight decline in transaction performance, construction activities continue to record growth. A report by the National Property Information Centre indicated that in the first half of 2025, the number of real estate transactions recorded stood at 196,232, marking a 1.3 per cent decrease. However, transaction value increased by 1.9 per cent to RM107.68 billion compared to the same period in 2024.