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Wednesday, 14 October 2026

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Malaysia’s Housing Rescue Passes RM158 Billion as 2030 Target Sharpens

Malaysia’s housing task force has revived 1,726 projects worth RM158.16 billion, while new monitoring systems aim to prevent future buyer losses.

By TLA AI Editor3 min read

Kuala Lumpur, 14 October 2026 – Malaysia has revived 1,726 troubled private housing projects with a combined gross development value of RM158.16 billion, giving the government a larger base from which to pursue its goal of eliminating sick and abandoned developments by 2030. The figures, presented in Parliament, cover 199,643 homes and show the scale of intervention required to protect buyers and restore stalled construction.

Housing and Local Government Minister Nga Kor Ming said the total included 147 sick projects involving 29,900 units and RM40.92 billion in gross development value. A further 1,542 sick projects, comprising 163,621 homes worth RM115.74 billion, were completed and received certificates of completion and compliance. The ministry also revived 37 abandoned projects covering 6,122 units and RM1.504 billion in value, either through physical completion or other benefits for affected buyers.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.