This paper provides an overview of the Malaysian Energy Efficiency regulatory framework as well as current financing and incentive mechanisms available to the building sector. The review has found that some of the existing financing schemes have been successful while others could leverage on other existing schemes to improve its effectiveness. The review will explore the strengths and gaps of the available schemes and will propose some ways to increase the uptake up rate of the schemes. The potential impact of the proposed recommendations will be discussed supported by projected energy and CO2 reductions.