PUTRAJAYA: Property transactions in Malaysia surged to RM240 billion in 2025, the highest level recorded in 10 years, Housing and Local Government Minister Nga Kor Ming announced today.

He said the sector has fully recovered and remains a key pillar of the economy, noting that the substantial increase from RM180 billion in 2023 underscores its pivotal role in driving national development.

“Total national property transactions for the year 2025 have reached RM240 billion.

“This figure represents the highest recorded amount in over a decade.

“Back in 2023, total transactions stood at only RM180 billion.

“Our real estate sector has not only fully recovered but has now emerged as a national economic growth engine, one that I describe as a fundamental pillar of our economy,” he told reporters after the Ihya Ramadan programme at the ministry.

Nga added that the ministry was working to ensure the nation’s trade, which affects the property sector, remains resilient despite escalating tensions in the Gulf region amid the war between the United States, Israel and Iran.

He said Putrajaya is monitoring developments following the Iranian military’s reported attempt to blockade the Strait of Hormuz.

“We are monitoring the latest developments regarding the Iranian military’s attempt to blockade the Strait of Hormuz, a route that facilitates the passage of 25 per cent of the world’s oil and gas supplies.

“Therefore, it is crucial that we ensure transportation costs do not adversely impact our nation’s housing and construction sectors,” he said.

Also in attendance were Prime Minister Datuk Seri Anwar Ibrahim and Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar.