The real estate sub-sector covers the housing industry (excluding commercial buildings) in Malaysia and has been the largest contributor to approved investments in the services sector.

In 2021, a total of 1,044 projects were approved with total investments of RM28.8 billion, exclusively from domestic players. Although the approvals contracted in 2021, it is notable that the sub-sector continued to play an important role in the country’s economy, as it remains viable, continuously sustaining its position as the largest contributor to the services sector.

Among initiatives to boost the property market sector and meet housing demands was the reintroduction of the National Home Ownership Campaign. During this period, Malaysian homebuyers could enjoy stamp duty waivers and discounts. Additionally, the Government will continue to actively review related policies to further support and stabilise the local housing market through the National Housing Policy 2.0.