This is a market intelligence perspective authored by Melvin Soh, CEO of MyRumahBaru, a Malaysian property platform that tracks NAPIC transaction records across more than 130 districts. The National Property Information Centre (NAPIC) is Malaysia’s primary government agency collecting data on the national property market. Malaysia’s residential property market is at an inflection point — a situation that had been building even before the recent global volatility and market uncertainty started brewing this year. According to national data, Malaysia’s full-year gross domestic product (GDP) growth increased by 5.2%, and the ringgit touched its strongest level since 2018. Listed property developers also rang in record property sales. Yet across every major property district, transaction volumes fell 57–77% y-o-y in 3Q2025. The average take-up rate at new launch projects collapsed from 38% to 21% within a single half-year, and there were over 28,000 completed new residential units that went unsold across the nation by the end of 2025. Then, on 28 February 2026, US and Israeli strikes...