KUALA LUMPUR, Sept 10 — More completed homes and serviced apartments were left unsold in the first half of 2026 compared with the preceding six months, according to the Property Market Report for the First Half of 2026.

The report, released by the Valuation and Property Services Department (JPPH) today, showed that the number of unsold completed homes rose by 8.6 per cent, from 30,471 units in the second half of 2025 to 33,094 units in the first half of 2026.

Their combined value increased slightly from RM17.73 billion to RM17.78 billion.

Despite the rise in unsold properties, Finance Minister II Datuk Seri Amir Hamzah Azizan said the overall property market remained resilient, recording 187,320 transactions worth RM105.12 billion between January and June 2026.

Residential properties accounted for 59.3 per cent of all transactions, with 110,998 deals recorded, and contributed 44.8 per cent of the total transaction value, or RM47.11 billion.

“Although there were some marginal adjustments, the property market remain steady due to stable price movements and transaction activities as well as active construction activities.

“The stability is also influenced by the country’s monetary policy that maintained the Overnight Policy Rate (OPR) at 2.75 per cent, injecting confidence to both financiers and buyers,” he said before launching the report at the National Valuation Institute (Inspen) in Kajang, Selangor, today.

High-rise properties made up the largest portion of the unsold homes at 43.4 per cent, followed by terraced houses at 34.9 per cent.

About 37.3 per cent were priced at RM300,000 and below, while 38 per cent had been launched between six and 10 years ago.

Serviced apartments, which are classified separately under commercial properties, recorded a sharper increase of 24.7 per cent, from 18,752 unsold units worth RM15.42 billion in the second half of 2025 to 23,375 units worth RM19.33 billion in the first half of 2026.

More than half of the unsold serviced apartments, or 55.2 per cent, were priced between RM500,001 and RM1 million, while 71.1 per cent had been launched between six and 10 years ago.

Johor had the most unsold completed homes and serviced apartments, with 4,222 and 9,946 units, respectively.

At the same time, Johor recorded 6,697 new residential launches, the second-highest number after Selangor’s 8,354 units, while Penang ranked third with 2,878 units.

Homes priced between RM500,001 and RM1 million formed the largest segment of new launches nationwide, accounting for 10,853 units, or 39 per cent of the total.