In 2023, the average price of houses in Malaysia was at approximately 467,000 Malaysian ringgit, an increase of nearly 15,000 Malaysian ringgit compared to the previous year. This showed a steady upward trend of the housing price since 2018. Increase in residential transaction value The residential real estate market in Malaysia suffered the impact of the COVID-19 pandemic and saw a significant drop in residential transaction value in 2020. Nevertheless, with demands for housing rising among Malaysians, the market quickly recovered in 2020, and the transaction value reached more than 100 billion Malaysian ringgit in 2023. The need for more affordable housing Despite the growth in the residential real estate industry, the continuous increase in housing prices has become a challenge for many Malaysians to afford a home. Around 69 percent of Malaysians surveyed in 2024 said that they did not have enough savings to purchase a property. To address this issue, the current government introduced affordable housing schemes for the lower- and middle-income groups in June 2023.

Average House Price: Malaysia data was reported at 408,774.000 MYR in Jun 2018. This records a decrease from the previous number of 412,449.000 MYR for Mar 2018. Average House Price: Malaysia data is updated quarterly, averaging 311,394.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 412,449.000 MYR in Mar 2018 and a record low of 199,431.000 MYR in Mar 2009. Average House Price: Malaysia data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Selangor data was reported at 468,954.000 MYR in Jun 2018. This records a decrease from the previous number of 473,370.000 MYR for Mar 2018. Malaysia Average House Price: Selangor data is updated quarterly, averaging 349,036.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 473,370.000 MYR in Mar 2018 and a record low of 217,922.000 MYR in Mar 2009. Malaysia Average House Price: Selangor data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Terraced House: Kuala Lumpur data was reported at 846,713.000 MYR in Jun 2018. This records a decrease from the previous number of 864,465.000 MYR for Mar 2018. Malaysia Average House Price: Terraced House: Kuala Lumpur data is updated quarterly, averaging 589,840.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 864,465.000 MYR in Mar 2018 and a record low of 349,087.000 MYR in Jun 2009. Malaysia Average House Price: Terraced House: Kuala Lumpur data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Perak data was reported at 202,340.000 MYR in Jun 2018. This records an increase from the previous number of 200,881.000 MYR for Mar 2018. Malaysia Average House Price: Perak data is updated quarterly, averaging 154,769.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 202,340.000 MYR in Jun 2018 and a record low of 108,088.000 MYR in Sep 2009. Malaysia Average House Price: Perak data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

The statistic shows the inflation rate of house prices in Malaysia from 2000 to 2014. The inflation rate shows the increase of prices from the previous year. In 2013, the prices of houses went up by an average of 11.6 percent compared to 2012.

Key information about House Prices Growth

• Malaysia house prices grew 1.4% YoY in Dec 2024, following an increase of 4.3% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2000 to Dec 2024, with an average growth rate of 4.3%.
• House price data reached an all-time high of 14.3% in Dec 2012 and a record low of 0.2% in Sep 2020.

CEIC calculates House Prices Growth from quarterly House Price Index. The Valuation and Property Services Department, Ministry of Finance provides House Price Index with base 2010=100. House Prices Growth prior to Q1 2010 is calculated from House Price Index with base 2000=100.

The Malaysian residential property market, valued at approximately RM22.41 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.90% from 2025 to 2033. This expansion is driven by several key factors. Firstly, a growing population and increasing urbanization, particularly in major cities like Kuala Lumpur, Johor Bahru, George Town, and Seberang Perai, fuel the demand for housing. Secondly, government initiatives aimed at improving affordability and infrastructure development are stimulating market activity. Finally, the ongoing diversification of the Malaysian economy and rising disposable incomes contribute to increased purchasing power among potential homebuyers. The market is segmented into apartments and condominiums, and landed houses and villas, catering to diverse preferences and budget levels. Leading developers such as Platinum Victory, Matrix Concepts Holdings Bhd, Mah Sing Group Bhd, Sime Darby Property, IGB Berhad, IOI Properties, Glomac Bhd, S P Setia, UEM Sunrise, and Eco World Development Group Berhad are key players shaping the market landscape. However, challenges remain, including potential interest rate fluctuations, material cost increases, and ongoing regulatory changes which could influence market growth. Despite these challenges, the long-term outlook for the Malaysian residential property market remains positive. Continued economic growth and infrastructure improvements, alongside government policies supporting affordable housing, are likely to sustain demand. The diverse range of property types available, from high-rise apartments to luxurious villas, ensures the market caters to a broad spectrum of buyers. Strategic investments by developers in innovative designs, sustainable building practices, and integrated community developments will be crucial for capturing market share and navigating the evolving needs of the Malaysian residential property sector. The ongoing focus on strengthening the economy and improving living standards will act as a significant catalyst for further growth in the years to come. This report provides a detailed analysis of the Malaysia residential property market, covering the period from 2019 to 2033. We delve into market trends, growth drivers, and challenges, offering valuable insights for investors, developers, and industry stakeholders. The study encompasses key segments including apartments and condominiums, landed houses and villas, and focuses on major cities like Kuala Lumpur, Johor Bahru, George Town, and Seberang Perai. The base year is 2025, with estimations for 2025 and forecasts extending to 2033, based on historical data from 2019-2024. Disclaimer: This report description is a template. It requires additional market research data to be completely filled. Specific numbers and deeper analyses would be included in the full report. Recent developments include: December 2022: The south-east Asian real estate technology company, The PropertyGuru Group, has finalized the acquisition of iProperty Malaysia. Given that two brands (PropertyGuru and iProperty) are merging, they currently have a huge duty. The acquisition enables them to concentrate on what they believe is necessary to support their clients, and they aim to provide them with even more value., April 2022: Global real estate firm Knight Frank Malaysia expands its presence in the residential property market in Malaysia with the acquisition of Property Hub Sdn Bhd.. Key drivers for this market are: 4., Increasing Residential Real Estate Demand by Young People4.; Increase in Average Housing Price in Mexico. Potential restraints include: 4., Lack of Affordable Housing Inhibiting the Growth of the Market4.; Economic Instability Affecting the Growth of the Market. Notable trends are: Increase in Urbanization Boosting Demand for Residential Real Estate.

Malaysia Average House Price: Detached House: Johor data was reported at 391,449.000 MYR in Jun 2018. This records an increase from the previous number of 384,501.000 MYR for Mar 2018. Malaysia Average House Price: Detached House: Johor data is updated quarterly, averaging 313,162.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 410,961.000 MYR in Dec 2016 and a record low of 188,329.000 MYR in Mar 2009. Malaysia Average House Price: Detached House: Johor data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Detached House: Kuala Lumpur data was reported at 3,791,886.000 MYR in Jun 2018. This records a decrease from the previous number of 3,946,370.000 MYR for Mar 2018. Malaysia Average House Price: Detached House: Kuala Lumpur data is updated quarterly, averaging 3,268,208.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 4,172,245.000 MYR in Sep 2017 and a record low of 1,924,863.000 MYR in Mar 2009. Malaysia Average House Price: Detached House: Kuala Lumpur data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Semi Detached House: Kuala Lumpur data was reported at 2,435,845.000 MYR in Jun 2018. This records an increase from the previous number of 2,406,539.000 MYR for Mar 2018. Malaysia Average House Price: Semi Detached House: Kuala Lumpur data is updated quarterly, averaging 2,008,035.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 2,435,845.000 MYR in Jun 2018 and a record low of 1,243,791.000 MYR in Mar 2009. Malaysia Average House Price: Semi Detached House: Kuala Lumpur data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Semi Detached House: Terengganu data was reported at 316,542.000 MYR in Mar 2018. This records a decrease from the previous number of 322,567.000 MYR for Dec 2017. Malaysia Average House Price: Semi Detached House: Terengganu data is updated quarterly, averaging 272,300.000 MYR from Mar 2009 (Median) to Mar 2018, with 37 observations. The data reached an all-time high of 329,266.000 MYR in Dec 2016 and a record low of 177,040.000 MYR in Mar 2009. Malaysia Average House Price: Semi Detached House: Terengganu data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Detached House: Selangor data was reported at 813,433.000 MYR in Jun 2018. This records a decrease from the previous number of 833,774.000 MYR for Mar 2018. Malaysia Average House Price: Detached House: Selangor data is updated quarterly, averaging 662,316.500 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 861,668.000 MYR in Sep 2017 and a record low of 442,177.000 MYR in Jun 2009. Malaysia Average House Price: Detached House: Selangor data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

In 2023, the consumer price index (CPI) of housing and utility expenses in Malaysia was 123.2, a slight increase from the previous year. The CPI is a measure of the weighted average prices of a basket of consumer goods and services, and is used to identify whether a country is undergoing inflation or deflation.

Malaysia Average House Price: Semi Detached House: Perlis data was reported at 329,150.000 MYR in Mar 2018. This records an increase from the previous number of 319,966.000 MYR for Dec 2017. Malaysia Average House Price: Semi Detached House: Perlis data is updated quarterly, averaging 273,284.000 MYR from Mar 2009 (Median) to Mar 2018, with 37 observations. The data reached an all-time high of 347,826.000 MYR in Dec 2016 and a record low of 186,367.000 MYR in Mar 2009. Malaysia Average House Price: Semi Detached House: Perlis data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia House Price Index: Annual: Johor Bahru data was reported at 157.300 1990=100 in 2001. This records a decrease from the previous number of 167.400 1990=100 for 2000. Malaysia House Price Index: Annual: Johor Bahru data is updated yearly, averaging 157.200 1990=100 from Dec 1988 (Median) to 2001, with 14 observations. The data reached an all-time high of 210.300 1990=100 in 1997 and a record low of 75.700 1990=100 in 1988. Malaysia House Price Index: Annual: Johor Bahru data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB003: House Price Index: 1990=100.

Average House Price: Terraced House: Malaysia data was reported at 371,805.000 MYR in Jun 2018. This records an increase from the previous number of 371,331.000 MYR for Mar 2018. Average House Price: Terraced House: Malaysia data is updated quarterly, averaging 265,306.000 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 371,805.000 MYR in Jun 2018 and a record low of 172,036.000 MYR in Mar 2009. Average House Price: Terraced House: Malaysia data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Average House Price: Semi Detached House: Malaysia data was reported at 644,633.000 MYR in Jun 2018. This records a decrease from the previous number of 653,835.000 MYR for Mar 2018. Average House Price: Semi Detached House: Malaysia data is updated quarterly, averaging 533,400.000 MYR from Mar 2009 (Median) to Jun 2018, with 38 observations. The data reached an all-time high of 653,835.000 MYR in Mar 2018 and a record low of 350,410.000 MYR in Mar 2009. Average House Price: Semi Detached House: Malaysia data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

Malaysia Average House Price: Terraced House: Pahang data was reported at 213,762.000 MYR in Mar 2018. This records a decrease from the previous number of 219,149.000 MYR for Dec 2017. Malaysia Average House Price: Terraced House: Pahang data is updated quarterly, averaging 173,424.000 MYR from Mar 2009 (Median) to Mar 2018, with 37 observations. The data reached an all-time high of 222,947.000 MYR in Sep 2017 and a record low of 122,338.000 MYR in Dec 2009. Malaysia Average House Price: Terraced House: Pahang data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB019: Residential Property Stock: Average House Price.

House Price Index: Malaysia data was reported at 199.300 1990=100 in Dec 2001. This records a decrease from the previous number of 200.300 1990=100 for Jun 2001. House Price Index: Malaysia data is updated semiannually, averaging 198.900 1990=100 from Jun 1997 (Median) to Dec 2001, with 10 observations. The data reached an all-time high of 217.600 1990=100 in Dec 1997 and a record low of 173.600 1990=100 in Jun 1999. House Price Index: Malaysia data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB003: House Price Index: 1990=100. Rebased from 1990=100 to 2000=100 . Replacement Series ID:31884301.