In a Bernama report, he said 4,191 housing units need to be built annually to achieve this goal.

“According to a report by the statistics department, the housing sector in Melaka has shown positive performance in 2023, with home ownership rates at 84.5%, which is higher than the national average of 76.5%.”

He said data from the National Property Information Centre for the second quarter of the year showed that Melaka continued to offer the lowest house prices nationwide, with an average of RM233,255.

Rauf said the state government is taking the issue of unsold properties in Melaka seriously and will continuously monitor housing prices to ensure they remain affordable despite the rise in costs of raw materials.

He said Melaka only has 514 unsold housing units valued at RM210.14 million, a stark contrast to other states where unsold properties exceed 2,900 units per state.

He said the state government encouraged property developers to offer more high-quality projects to meet the growing demand for residential units in Melaka.