Malaysia’s property market stays soft in 1H 2026 with nearly 60pc of developers reporting unsold units, Rehda survey finds

The Malaysian property market remains soft, with modest growth observed in the first half of 2026 despite a slight improvement in sales, according to the Real Estate and Housing Developers' Association (Rehda).

The Property Industry Survey highlighted ongoing issues with unsold inventory and financing challenges, with a reported 59 per cent of respondents citing unsold stock by mid-year.

While apartments and condominiums emerged as the strongest-performing property type, end-financing hurdles and high pricing continue to constrain market growth.

The survey, conducted by Rehda Institute, also noted a demographic skew towards younger, domestic buyers.

PETALING JAYA, Sept 23 — Malaysia’s property market remains soft, with growth appearing moderate despite a marginal improvement in sales performance during the first half of 2026, according to the Real Estate and Housing Developers’ Association (Rehda) Malaysia.

Presenting the findings of the Property Industry Survey (PIS) at Wisma Rehda today, Rehda president Datuk Zaini Yusoff said that while the industry is seeing some activity, the market continues to grapple with unsold inventory and financing challenges.

The survey found that 59 per cent of respondents had unsold stock as of June 30.

Data from the survey showed that the number of units launched remained broadly unchanged, with 15,834 units entering the market in the first half (1H) of 2026 compared with 15,841 units in the second half (2H) of 2025 — a difference of just seven units.

However, sales performance saw a modest uptick, with 5,260 units sold, representing a 3.2 per cent increase from the 5,098 units recorded in the previous six-month period.

Consequently, the overall take-up rate edged up to 33.2 per cent from 32.2 per cent in 2H 2025.

"Performance remained mixed across property types, indicating that the market continues to remain soft," Zaini said during the presentation.

According to the report, apartments and condominiums were the strongest-performing property type, recording a take-up rate of 58 per cent, followed by semi-detached and cluster homes at 30 per cent.

In terms of volume, apartments and condominiums accounted for the highest number of units sold at 3,032, followed by serviced residences at 1,114 and two-to-three-storey terrace houses at 610.

The survey found that the majority of launches, at 53 per cent, were priced between RM300,001 and RM500,000, primarily in Perak, Pahang and Negeri Sembilan.

Only one per cent of units were priced at RM2.5 million and above.

Meanwhile, the market remained heavily skewed towards domestic demand, with 98 per cent of buyers being Malaysians.

Foreigners accounted for just two per cent of sales, indicating that international demand remained limited.

Younger buyers dominated the market, with 70 per cent of purchasers aged between 29 and 44.

The hurdle of unsold units

Despite the marginal increase in sales, the Rehda survey highlighted persistent concerns over unsold completed residential units, with 59 per cent of respondents reporting such stock as of June 30.

The top three reasons cited for units remaining unsold were end-financing loan rejections at 30 per cent, high pricing at 21 per cent and unreleased Bumiputera units at 16 per cent.

Notably, 33 per cent of these unsold completed units were priced at RM1 million and above.

Zaini said the issue of end-financing remained critical.

"Among the main factors contributing to housing loan rejection were purchasers’ income eligibility, lower margins of financing offered by financial institutions, and applicants’ adverse credit histories, suggesting the continuing importance of access to appropriate end-financing in supporting home ownership," he said.

The survey involved 181 Rehda members and focused on property market performance across Peninsular Malaysia.

Conducted by the Rehda Institute between July and August 2026, the survey aimed to evaluate market performance in the first half of 2026 while providing an outlook for the second half of 2026 and the first half of 2027.

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马来西亚房地产发展商协会（Rehda）表示，尽管销售额略有改善，但马来西亚房地产市场依然疲软，2026 年上半年增长幅度不大。

房地产行业调查凸显了未售库存和融资挑战等持续存在的问题，据报道，59% 的受访者表示，到年中仍有未售库存。

虽然公寓和产权公寓是表现最强劲的房产类型，但最终融资障碍和高价格仍然制约着市场增长。

由雷达研究所进行的这项调查还指出，人口结构存在偏差，年轻的国内买家比例较高。

八打灵再也，9月23日讯——马来西亚房地产发展商协会（Rehda）表示，尽管2026年上半年销售业绩略有改善，但马来西亚房地产市场依然疲软，增长势头温和。

今天在房地产发展商协会大厦（Wisma Rehda）发布的房地产行业调查（PIS）结果显示，房地产发展商协会主席拿督扎伊尼·尤索夫表示，虽然该行业出现了一些活跃迹象，但市场仍在努力应对未售库存和融资方面的挑战。

调查发现，截至6月30日，59%的受访者有未售出的库存。

调查数据显示，新车上市数量基本保持不变，2026 年上半年（1H）上市车辆为 15,834 辆，而 2025 年下半年（2H）上市车辆为 15,841 辆，两者仅相差 7 辆。

然而，销售业绩略有上升，售出 5,260 台，比前六个月的 5,098 台增长了 3.2%。

因此，2025 年下半年的总体采用率从 32.2% 小幅上升至 33.2%。

Zaini在报告中表示：“各类物业的表现依然参差不齐，表明市场依然疲软。”

根据该报告，公寓和产权公寓是表现最强劲的房产类型，成交率达到 58%，其次是半独立式住宅和联排别墅，成交率为 30%。

从销量来看，公寓和住宅的销量最高，达到 3,032 套，其次是服务式公寓，销量为 1,114 套，以及两到三层的排屋，销量为 610 套。

调查发现，53% 的新楼盘售价在 300,001 令吉至 500,000 令吉之间，主要集中在霹雳州、彭亨州和森美兰州。

只有百分之一的单位售价在250万令吉及以上。

与此同时，市场仍然严重偏向国内需求，98%的买家是马来西亚人。

外国顾客仅占销售额的2%，表明国际需求仍然有限。

年轻买家主导了市场，70% 的买家年龄在 29 岁至 44 岁之间。

未售单元的障碍

尽管销售额略有增长，但 Rehda 的调查显示，人们对已竣工但未售出的住宅单元仍然感到担忧，截至 6 月 30 日，59% 的受访者表示存在此类库存。

导致房屋未售出的前三大原因是：最终融资贷款被拒（占 30%）、价格过高（占 21%）以及未推出土著单位（占 16%）。

值得注意的是，这些未售出的已竣工单位中有 33% 的定价在 100 万令吉及以上。

扎伊尼表示，最终融资问题仍然至关重要。

他说：“导致住房贷款被拒的主要因素包括购房者的收入资格、金融机构提供的融资额度较低以及申请人的不良信用记录，这表明获得适当的最终融资对于支持住房所有权仍然至关重要。”

该调查涉及 181 名马来西亚房地产发展商协会 (Rehda) 会员，重点关注马来西亚半岛的房地产市场表现。

该调查由 Rehda 研究所于 2026 年 7 月至 8 月进行，旨在评估 2026 年上半年的市场表现，并展望 2026 年下半年和 2027 年上半年的市场前景。

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