Malaysia’s Residential Construction Surges in Q1 2025 Amid Slower Property Transactions
- brg_news_room
- May 11
- 1 min read
Malaysia: Malaysia’s residential property sector showed strong construction momentum in Q1 2025 despite a slowdown in overall property transactions. According to Abdul Razak Yusak, Director General of the Valuation and Property Services Department (JPPH), completed residential units rose by 30.2% year-on-year to 9,329 units, while housing starts increased by 32.5% to 28,344 units. Though planned new developments fell to 8,300 units from 11,000 in Q1 2024, new residential launches more than doubled to 12,498 units, albeit with a modest sales performance of 10.8%.
On the transaction side, total property deals dropped by 6.2% to 97,772 units, and transaction value declined by 8.9% to RM51.42 billion from RM56.47 billion a year earlier. The residential overhang slightly increased to 23,515 units worth RM15 billion, up 1.6% in volume and 7.7% in value from the previous quarter. Nevertheless, ongoing government housing programs such as PRR and RMR, along with infrastructure developments like the Forest City Special Financial Zone and the Johor–Singapore Special Economic Zone, are helping to maintain positive sector momentum.
Source: Penang Property
