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 2019, it lived up to its mark despite softening of the property market by recording approved investments of RM40.85 billion, primarily from domestic sources. The number of real estate projects approved increased to 1,279 projects in 2019 from 968 projects in 2018.

Among initiatives to boost the property market sector and meet housing demands was the National Home Ownership Campaign 2019 (HOC2019), which was extended to the end of 2019. During this period, Malaysian homebuyers could enjoy stamp duty waivers and discounts. As part of the National Housing Policy 2.0, the Government continues to actively review related policies to further support and stabilise the local housing market.