GLOPRAGlobal Property Radar

Malaysia residential construction value rises 2.7% in third quarter 2026

Residential building work in Malaysia was worth RM10.7 billion in the third quarter of 2026, up 2.7% - the second slowest of four sub-sectors.

The facts

  • Residential building work done in Malaysia was worth RM10.7 billion in the third quarter of 2026, +2.7% on a year earlier, and 21.7% of all construction work done.
  • Total work done reached RM49.5 billion, up 9.0% on the year against 8.8% in the second quarter, and up 3.6% on the quarter against 2.7%.
  • Non-residential buildings grew fastest at 21.1% and RM15.7 billion, special trade activities 13.2% and RM6.2 billion, civil engineering 2.2% and RM16.9 billion. Residential was the second slowest of the four sub-sectors; only civil engineering grew more slowly.
  • Private projects made up RM33.3 billion, or 67.2% of the total, and grew 12.7%; public work came to RM16.3 billion and grew 2.2%.
  • Selangor contributed RM11.2 billion (22.7%), Johor RM10.1 billion (20.5%), Sarawak RM5.7 billion (11.4%) and Wilayah Persekutuan RM5.0 billion (10.1%), together 64.7%.
  • January to September work done totalled RM143.9 billion, up 8.8%. The Department of Statistics Malaysia publishes no price basis with these figures, so they measure the value of work carried out, not a volume and not a number of homes.

What it means for your money

  • Residential work grew 2.7% and non-residential 21.1%, a gap of 18.4 points. Value spent on new housing is rising slowly.
  • Glopra data put the Malaysian entry level at 2,085 US dollars per square metre, after a 16.1% rise over five years; this release moves neither figure, because it counts ringgit of work done rather than home prices.
  • For an owner already holding Malaysian property the channel is the build and renovation budget. Work done in non-residential building rose 21.1% and in special trade activities 13.2%, both well ahead of housing at 2.7%.

What to watch

  • The next quarterly release from the Department of Statistics Malaysia, which shows whether residential work keeps growing more slowly than the sector as a whole.
  • The release states no price basis, so the 2.7% cannot be separated into price and volume, and it cannot be converted into a number of completed homes.

Sources: Department of Statistics Malaysia https://www.dosm.gov.my/portal-main/release-content/construction-statistics-q32026

Market data: Kuala Lumpur · Malaysia · Penang · Johor Bahru