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Malaysia's Ministry of Housing and Local Government has identified 303 'sick' private housing projects valued at RM40.25 billion as of June 30, with 100 confirmed as abandoned. Selangor faces the highest burden with 41 abandoned projects.
Malaysia has accumulated 32,800 unsold completed residential units valued at RM16.37 billion as of the first quarter of 2024, with nearly half priced at RM300,000 or below, signalling broader market misalignment beyond affordable housing.
Malaysia's Competition Commission has completed investigations into the housing sector and found no evidence of anti-competitive behaviour affecting residential property prices, Deputy Domestic Trade Minister Datuk Dr Fuziah Salleh confirmed in Parliament.
The Dewan Rakyat is scheduled to address critical issues including Johor's water capacity expansion plans, measures to strengthen the Malaysia Competition Commission's oversight of housing markets, and age verification protocols for social media users.