KUALA LUMPUR, Sept 10 — The Property Market Report for the First Half of 2026 reveals a rise in unsold completed homes and serviced apartments compared to the preceding six months.
Published by the Valuation and Property Services Department (JPPH), the report indicates that the number of unsold completed homes increased by 8.6 per cent, climbing from 30,471 units in the second half of 2025 to 33,094 units in the first half of 2026.
The aggregate value of these properties saw a marginal increase, rising from RM17.73 billion to RM17.78 billion.
Despite the uptick in unsold properties, Finance Minister II Datuk Seri Amir Hamzah Azizan noted that the overall property market remained resilient, with 187,320 transactions totaling RM105.12 billion recorded between January and June 2026.
Residential properties dominated the transaction volume, representing 59.3 per cent of all deals with 110,998 transactions. This segment contributed 44.8 per cent of the total transaction value, amounting to RM47.11 billion.
“While some marginal adjustments occurred, the property market remained steady, supported by stable price movements, consistent transaction activities, and active construction,” he stated before launching the report at the National Valuation Institute (Inspen) in Kajang, Selangor. “This stability is further bolstered by the country’s monetary policy, which maintained the Overnight Policy Rate (OPR) at 2.75 per cent, providing confidence to both financiers and buyers.”
High-rise properties constituted the largest share of unsold homes at 43.4 per cent, followed by terraced houses at 34.9 per cent.
Approximately 37.3 per cent of the unsold homes were priced at RM300,000 or lower, while 38 per cent were launched six to 10 years ago.
Serviced apartments, categorized separately under commercial properties, experienced a steeper increase of 24.7 per cent. The unsold units rose from 18,752, valued at RM15.42 billion in the second half of 2025, to 23,375 units worth RM19.33 billion in the first half of 2026.
Over half of the unsold serviced apartments—specifically 55.2 per cent—were priced between RM500,001 and RM1 million, while 71.1 per cent were launched six to 10 years prior.
Johor recorded the highest number of unsold completed homes and serviced apartments, with 4,222 and 9,946 units, respectively.
Concurrently, Johor accounted for 6,697 new residential launches, the second-highest figure after Selangor’s 8,354 units, with Penang ranking third at 2,878 units.
Homes priced between RM500,001 and RM1 million represented the largest segment of new launches nationwide, comprising 10,853 units, or 39 per cent of the total.
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