Malaysia reports rehabilitation of 1,726 housing projects valued at RM158 billion
The government says it has rehabilitated 1,726 private housing projects covering nearly 200,000 units with a total GDV of RM158 billion.
In a parliamentary statement, Minister Nga Kor Ming detailed the rehabilitation of 1,726 private housing schemes, amounting to almost 200,000 units and a gross development value of RM158 billion. Of these, 1,542 sick projects covering 163,621 units and worth RM115.74 billion have now obtained Certificates of Completion and Compliance. Another 147 projects, representing 29,900 units and RM40.92 billion, have been upgraded from sick to smooth status, while 37 abandoned schemes involving 6,122 units and RM1.5 billion were completed or resolved for buyers.
The ministry has introduced the Housing Integrated Management System, the Teduh system, and regular audits, and secured 2027 Budget funding for a centralised Big Data Analytics platform. Nga also indicated plans to launch an "Option to Purchase and Order to Build" reform next month, aiming to eliminate sick and abandoned projects by 2030.
Why it matters
The effort addresses a major housing shortfall and protects homebuyers from stalled developments.
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