Malaysia targets RM180 billion in 2025 property sales, eyes senior living
Malaysia’s population is ageing rapidly with those 60 years and above projected to rise to 14.5 per cent in 2040 from 8.3 per cent in 2020.
KUALA LUMPUR - The Housing and Local Government Ministry is targeting to generate RM180 billion property sales across all sectors this year, said its minister Nga Kor Ming.
He said the ministry is also working closely with the Real Estate and Housing Developers' Association (Rehda) Malaysia to organise the inaugural ASEAN Real Estate Conference (AREC) 2025, scheduled for July 23-26 this year.
"The event will be held alongside the Architecture, Interior Design & Building Exhibition (ARCHIDEX) and will involve ASEAN countries. At the same time, we will also invite China to participate,” he said in a press conference in conjunction with a three-day Asia Real Estate Leaders (AREL) study tour to Melbourne, Australia recently.
He said more than 50,000 visitors are expected with sales of about RM1.2 billion.
AREL brings together more than 180 key stakeholders from Australia and Malaysia’s housing and real estate sectors. Rehda Institute and Monash University organised the event.
The study trip provides an opportunity for Malaysian developers to engage with leading Australian experts in mixed-use developments, retirement villages, sustainable development, social housing, and urban townships.
Nga highlighted that Malaysia has achieved the highest volume and value of property transactions over the past decade in 2024. Total property transactions rose 18 per cent to RM223.2 billion versus RM196.8 billion a year ago.
Meanwhile, earlier in his keynote address, Nga said Malaysia’s population is ageing rapidly with those 60 years and above projected to rise to 14.5 per cent in 2040 from 8.3 per cent in 2020.
"One in every ten will require housing solutions specifically designed to meet senior citizen needs. However, the reality is that only 2.1 per cent of Malaysia’s total housing stock is designated for senior living.
Nga said this calls for the urgent need for Malaysia to develop specific solutions to address elderly needs. He said Malaysia is keen to explore senior living developments as an emerging segment within the domestic housing market.
Meanwhile, Nga said his ministry has allocated RM30,000 to REHDA Institute to help with research assignments. - BERNAMA
Download Sinar Daily application.Click Here!
![<div itemscope itemtype="https://schema.org/VideoObject"><meta itemprop="name" content="[TOP NEWS PODCAST] Art vs Boundaries — Where Should the Line Be Drawn?"><meta itemprop="description" content="One viral clip and the internet is split. Bold expression or going too far? As universities tighten control, the spotlight is now on artistic freedom, censorship and where institutional boundaries should begin or end.<br /><br />In this conversation, Aswara Assistant Director Corporate Imee Nadia Abdul Hadi weighs in on improvisation in performance, defining “sensitivities” and whether fear of viral backlash is pushing students towards self-censorship.<br /><br />As people debate, bigger questions emerge are tighter rules protecting values or limiting expression? And should university theatre adopt stricter guidelines like film rating systems?<br /><br />Watch the full discussion now on Sinar Daily.<br /><br />#TopNews #Art #Theather #Aswara #SinarDaily"><meta itemprop="uploadDate" content="2026-05-06T07:31:31.000Z"><meta itemprop="thumbnailUrl" content="https://s1.dmcdn.net/v/ataGo1f-k_5whPcid/x120"><meta itemprop="duration" content="P2094S"><meta itemprop="embedUrl" content="https://geo.dailymotion.com/player/xlcbf.html?video=xa89lbm"><script src="https://geo.dailymotion.com/player/xlcbf.js" data-video="xa89lbm"></script></div>](/theme_sinarenglish/images/no-image.png)
