The national property sector achieved its highest transaction value in over a decade last year, reaching RM240 billion and cementing its role as a key economic driver.
PUTRAJAYA: Housing and Local Government Minister Nga Kor Ming today announced that the national property sector recorded RM240 billion in transactions in 2025, marking its highest performance in more than a decade.
He stated that this strong performance demonstrates the sector’s full recovery and its current status as a central pillar of the national economy, given its extensive links to over 200 supporting industries including manufacturing, construction, banking and legal services.
“I describe it as a pillar of the national economy because property development is linked to 200 industries, including manufacturing, construction, banking and legal services,” Nga said when met by reporters after an event here.
The minister expressed his expectation for an even more encouraging performance this year, contingent on smooth cooperation from all parties involved in the planned National Housing reforms.
He added that his ministry, through the National Housing Department, will maintain a proactive role to ensure the sector’s growth momentum is sustained.
Nga also revealed he had informed Prime Minister Datuk Seri Anwar Ibrahim of a proposal to establish a single national housing agency aimed at streamlining the system and creating a unified application window.
“We will streamline the system to create a single national housing window so that bureaucratic overlaps can be reduced and administrative as well as approval processes expedited,” he explained.
Regarding external challenges, the minister said the ministry remains cautious and will monitor developments in the Middle East conflict to prevent any potential impact on transportation costs for the housing and construction sectors.
