The Malaysian government has decided not to impose restrictions on property investment, as limiting the number of homes people can buy could destabilize the property market.
Housing and Local Government Minister Nga Kor Ming stressed that real estate investment plays an important role in preserving wealth and managing inflation.
He said the existing property gains tax was enough to deter people from speculating for a quick profit, with the tax scaling down depending on how long the property was held before being sold.
However, the market faces challenges, with over 22,000 unsold residential properties, worth RM14.24 billion, most of which are priced below RM300,000.
Perak leads the states with the most unsold units.
To tackle fraudulent practices by developers, the government is considering stricter laws, including travel bans and blacklisting.
The Housing Credit Guarantee Scheme, allocated RM10 billion under the 2025 Budget, aims to help home buyers who do not have formal documentation, such as gig workers.
These measures reflect a balancing act between encouraging real estate investment and protecting homebuyers from market issues.
