Media reports that there are over 100,000 unsold housing units in the market are inaccurate and do not reflect the actual situation of the country’s property sector which remains stable, says the housing and local government ministry.
In a statement, the ministry said the figure included completed houses, houses still being built, and houses that had been approved but which had yet to begin construction.
The ministry added that based on official data from the National Property Information Centre (Napic), the number of unsold completed houses had shown a downward trend for each first quarter since 2022.
“Official statistics show that there were 35,592 units in 2022, 26,872 units in 2023, 24,208 units in 2024, and 23,515 units in 2025.
“This demonstrates that the national housing market remains stable and under control, while the government’s efforts to strengthen housing policies and balance supply with demand have had a positive impact,” it said.
The ministry said it was collaborating with Napic in the preparation and reporting of national housing data, while strengthening strategic cooperation through the implementation of the “One Data for One Country” initiative.
Under this initiative, a single data-entry method is applied through the housing integrated management system developed by the national housing department.
“This integrated system will ensure the accuracy, clarity, and consistency of housing data nationwide. It is intended to serve as the country’s main reference in the housing sector and to prevent reporting discrepancies between agencies, state governments, local authorities, and developers.”
