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THE Ministry of Housing and Local Government (KPKT) has submitted 13 key initiatives to the Ministry of Finance (MOF) as part of its preparations for Budget 2026, aimed at revitalising the national housing sector and supporting the Madani Economy agenda.
According to a statement released on Friday, one of the central initiatives is the proposed implementation of the Kempen Pemilikan Rumah Madani (HOC 3.0), designed to make it easier for Malaysians to purchase their first home at affordable prices.
“This campaign includes both tax and non-tax incentive packages intended to encourage home ownership while stimulating growth in the property sector, which serves as a key pillar of the national economy,” the ministry stated.
To ensure effective policymaking and transparent housing data, KPKT is working closely with the National Property Information Centre (NAPIC) and has strengthened this strategic collaboration through the 1 Data for 1 Nation initiative.
The initiative involves single-point data entry via the Housing Information Management System (HIMS), developed by the National Housing Department.
“This integrated system must become the country’s primary reference in the housing sector. It will help avoid discrepancies in reporting between agencies, state governments, local authorities, and developers,” said KPKT.
“With accurate and consistent data, housing policies can be more effectively formulated, targeted, and aligned with the real demand of the people.”
The ministry also announced a revised definition for ailing projects, referring to housing developments that have failed to be completed within the Sale and Purchase Agreement timeframe.
This new definition is intended to improve reporting and monitoring of delayed or abandoned projects.
In response to recent media reports claiming there are over 100,000 unsold housing units in Malaysia, KPKT clarified that the figure includes completed but unsold homes, homes still under construction, and those approved but not yet built.
Citing official NAPIC data, the ministry said completed but unsold units have steadily decreased since 2022. The figures show that there were 35,592 units in 2022, 26,872 units in 2023, 24,208 units in 2024, and 23,515 units in 2025.
“This trend proves that the national housing market remains stable and well-regulated. The government’s efforts to strengthen housing policies and balance supply with demand have had a positive impact,” said the statement.
KPKT reiterated its assurance that the government is committed to ensuring a healthy and sustainable property market, underpinned by accurate and transparent data. - Sept 5, 2025