The Malaysia Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail, Logistics and Others), by Business Model (Sales and Rental), by End-User (Individuals/Households, Corporates & SMEs and Others), and by Geography (Kuala Lumpur, Klang, Petaling Jaya, Johor Bahru, Penang and the Rest of Malaysia). The Market Forecasts are Provided in Terms of Value (USD).

In 2023, the value of commercial real estate market in Malaysia reached around ****** billion U.S. dollars, an increase compared to the previous year. Commercial real estate market value in the country has been increasing year-on-year during the observed period.

The size of the Malaysia Commercial Real Estate Industry market was valued at USD 8.88 Million in 2023 and is projected to reach USD 14.88 Million by 2032, with an expected CAGR of 7.65% during the forecast period. Recent developments include: July 2023: Skyworld Development Bhd plans to launch new commercial projects in Kuala Lumpur with total estimated gross development values exceeding RM 1 Billion in the current financial year ending March 31, 2024. Skyworld will explore new growth opportunities by expanding its presence from Kuala Lumpur to the state of Selangor., January 2023: Gamuda Bhd’s unit is acquiring eight parcels of freehold lands in Rawang, collectively spanning 532 acres for RM360 million. Gamuda Land (Botanic) Sdn Bhd purchased these lands from Kundang Properties Sdn Bhd for a mixed development with a gross development value of RM3.3 billion over ten years. The group said these new lands are targeted for a 2026 launch and will contribute to the group’s earnings over the following six years as Gamuda Land continues to focus on high-value opportunities both in Malaysia and overseas, where it has established its presence, namely Vietnam, Australia, Singapore and the UK.. Key drivers for this market are: Growth trajectory with a steady pipeline of distribution and warehouse projects, Increasing investment in Greater Kuala Lumpur for Office Space. Potential restraints include: Rising commodity prices. Notable trends are: Rise in growth in retail sector.

Malaysia Commercial Real Estate Market size was valued at USD 8.88 Billion in 2023 and is projected to reach USD 12.83 Billion by 2031, growing at a CAGR of 7.65% from 2024 to 2031.

Malaysia Commercial Real Estate Market Dynamics

The key market dynamics that are shaping the Malaysia Commercial Real Estate Market include:

Key Market Drivers Economic Growth and Urbanization: Malaysia's commercial real estate industry is heavily influenced by the country's consistent economic expansion and growing urbanization. The trend toward urban life and growth in places such as Kuala Lumpur, Penang, and Johor Bahru has raised demand for commercial buildings, particularly mixed-use developments that incorporate office, retail, and residential areas.

The Malaysia Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Residential and Commercial), by End-User (Individuals/Households, Corporates & SMEs and Others), and by Key Cities (Kuala Lumpur, Penang, Johor Bahru, Petaling Jaya and the Rest of Malaysia). The Market Forecasts are Provided in Terms of Value (USD).

This dataset contains 2,000 entries of house price data from all states in Malaysia, providing a comprehensive overview of the country’s real estate market for 2025. Sourced from Brickz, a trusted platform for property transaction insights, it includes detailed information such as property location, tenure, type, median prices, and transaction counts. This dataset is ideal for real estate market analysis, predictive modeling, and exploring trends across Malaysia’s diverse property market.

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Data Columns (Total 8 Columns):

1. Township: The specific township where the property is located (e.g., Cheras, Subang Jaya).
2. Area: The locality or broader area encompassing the township (e.g., Klang Valley, Penang Island).
3. State: The Malaysian state where the property is situated (e.g., Selangor, Johor, Penang).
4. Tenure: The property ownership type (e.g., Freehold, Leasehold).
5. Type: The category of property (e.g., Terrace, Condominium, Semi-Detached).
6. Median_Price: The median price (in MYR) for properties in the specified township or area.
7. Median_PSF: The median price per square foot (in MYR) for properties.
8. Transactions: The number of recorded property transactions.

Future Plans:

• Expanded Coverage: This dataset will be regularly updated with additional property data to make it even more versatile.
• Enhanced Features: Future updates may include rental prices, amenities, or property-specific details to offer deeper insights into Malaysia’s housing market.

Malaysia Commercial Property Market Status (CPMS): Shop: Completed: Launched data was reported at 11,019.000 Unit in Mar 2018. This records a decrease from the previous number of 12,829.000 Unit for Dec 2017. Malaysia Commercial Property Market Status (CPMS): Shop: Completed: Launched data is updated quarterly, averaging 14,103.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 30,441.000 Unit in Mar 2016 and a record low of 5,208.000 Unit in Dec 2003. Malaysia Commercial Property Market Status (CPMS): Shop: Completed: Launched 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.EB075: Commercial Property Market Status: Shop: Launched: Unit: Completed. Soho included in Total Shop from Q1 2014 to Q1 2016. Services Apartment included in Total Shop on time point Q1 2016.

The Malaysia Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Apartments & Condominiums and Villas & Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by Key Cities (Kuala Lumpur, Penang, and More). The Market Forecasts are Provided in Terms of Value (USD).

Malaysia Commercial Property Market Status (CPMS): Shop: Completed: Unsold data was reported at 3,001.160 MYR mn in Mar 2018. This records a decrease from the previous number of 3,296.400 MYR mn for Dec 2017. Malaysia Commercial Property Market Status (CPMS): Shop: Completed: Unsold data is updated quarterly, averaging 1,420.800 MYR mn from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 3,359.270 MYR mn in Dec 2015 and a record low of 439.150 MYR mn in Sep 2003. Malaysia Commercial Property Market Status (CPMS): Shop: Completed: Unsold 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.EB078: Commercial Property Market Status: Shop: Unsold: Value: Completed. Soho included in Total Shop from Q1 2014 to Q1 2016. Services Apartment included in Total Shop on time point Q1 2016.

The Asia Pacific office real estate market, encompassing major economies like China, Japan, South Korea, India, and Australia, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 10% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the burgeoning technology sector and increasing foreign direct investment in many APAC nations fuel demand for modern, high-quality office spaces. Secondly, urbanization and a growing middle class are contributing to increased business activity and a need for larger and more sophisticated office infrastructure, particularly in rapidly developing cities across the region. Thirdly, evolving work styles, although potentially impacting short-term trends, are likely to lead to long-term demand for flexible and adaptable office spaces, triggering renovations and new construction projects. However, the market is not without challenges. Economic uncertainty in some regions and rising interest rates could potentially dampen investment and slow down growth in certain segments. Furthermore, the availability of skilled labor and the ongoing impact of geopolitical events could influence the market's trajectory. The market is segmented by country, with China and India expected to remain dominant drivers of growth given their vast populations and economic expansion. Japan and South Korea, despite experiencing slower growth comparatively, represent significant markets with established infrastructure and robust corporate sectors. Australia and Southeast Asian nations (Singapore, Malaysia, etc.) also contribute substantially, driven by their attractiveness to foreign investment and regional economic strength. The analysis considers production, consumption, import, and export dynamics within the Asia Pacific region, providing a comprehensive understanding of market flows. Key players like Colliers, Cushman & Wakefield, JLL, CBRE, CDL, Frasers Property, and others are competing fiercely for market share, driving innovation and shaping market trends. Price trends will fluctuate based on location, demand, and market conditions, necessitating continuous monitoring to assess the long-term market value. Recent developments include: February 2022 - Real estate firm Hulic and Japan Excellent executed a purchase agreement to exchange trust beneficiary rights in the Shintomicho Building for JPY 3.1 billion (USD 25.4 million). Japan Excellent mostly invests in office buildings in Tokyo. Two phases will be involved in the transfer of the Trust Beneficiary Rights in the Shintomicho Building: the first phase will involve the transfer of 40% ownership for JPY 1,24 billion (USD 10.1 million), and the second phase will involve the transfer of the remaining 60% ownership for JPY 1.86 billion (USD 15.3 million)., July 2022 - Tech giant Google leased 1.3 million sq. ft of office space in Bengaluru, India, marking one of the largest office lease transactions in the country since the pandemic began.. Notable trends are: Rise in Demand for Coworking Spaces.

The ASEAN office real estate market, valued at approximately $100 million in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 9% from 2025 to 2033. This expansion is fueled by several key factors. The region's burgeoning economies, particularly in Vietnam, Indonesia, and the Philippines, are attracting significant foreign direct investment, driving demand for modern office spaces. Technological advancements and the rise of the digital economy are also contributing to increased office space needs, particularly in tech hubs across the ASEAN nations. Furthermore, a growing middle class and a young, increasingly skilled workforce are bolstering the demand for high-quality office accommodations in major cities like Singapore, Bangkok, Ho Chi Minh City, and Jakarta. However, challenges remain. Supply chain disruptions and global economic uncertainties could impact the market's trajectory. Additionally, varying regulatory frameworks across different ASEAN countries may pose obstacles for seamless market integration and development. Despite potential challenges, the long-term outlook remains positive. Strategic investments in infrastructure development, coupled with government initiatives to enhance business environments, are expected to sustain market growth. The increasing adoption of flexible workspaces and sustainable building practices will also shape future market dynamics. Competition among established players like Savills, CBRE, Hines, and local developers is expected to intensify, leading to innovations in design, technology integration, and tenant service offerings. This competitive landscape, along with the underlying economic strength of the region, promises continued expansion for the ASEAN office real estate market in the coming years. While precise regional breakdowns are unavailable, Singapore and Thailand are likely to dominate in terms of market share given their established economies and mature real estate markets. Vietnam, Indonesia, and the Philippines represent high-growth areas with significant potential. Recent developments include: October 2023: The Instant Group (a leading global platform for flexible workspaces) secured a three-year managed office agreement with Arvato Systems Malaysia. The existing office space of Arvato Systems Malaysia in Kuala Lumpur, a pivotal development center for the Arvato Systems Group, is expected to undergo renovation and expansion. Expected to be finished in 2024, the total office space of Arvato Systems Malaysia will be 26,720 sq. ft, with 15,963 sq. ft undergoing refurbishment and an additional 10,757 sq. ft being custom-fit for the company's needs.January 2023: TAM Group, a GSSA (general sales and service agent) based in Hong Kong, expanded its presence in Southeast Asia by opening three new offices. Responding to the increased demand in the region, TAM Group partnered with Thailand’s GP Group and Vietnam’s TP Cargo Transport Services to establish offices in key strategic areas, including Bangkok, Ho Chi Minh City, and Hanoi.. Key drivers for this market are: 4., Increasing Demand for Co-Working Spaces. Potential restraints include: 4., Increasing Demand for Co-Working Spaces. Notable trends are: Demand for Co-Working Spaces is Driving the Market.

CPMS: Shop: Completed: Launched: Above 5 1/2 Storey data was reported at 0.000 Unit in Jun 2018. This stayed constant from the previous number of 0.000 Unit for Mar 2018. CPMS: Shop: Completed: Launched: Above 5 1/2 Storey data is updated quarterly, averaging 0.000 Unit from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 680.000 Unit in Mar 2010 and a record low of 0.000 Unit in Jun 2018. CPMS: Shop: Completed: Launched: Above 5 1/2 Storey 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.EB075: Commercial Property Market Status: Shop: Launched: Unit: Completed.

CPMS: Shop: Completed: Launched: Pulau Pinang: 3 to 3 1/2 Storey data was reported at 12.000 Unit in Mar 2018. This stayed constant from the previous number of 12.000 Unit for Dec 2017. CPMS: Shop: Completed: Launched: Pulau Pinang: 3 to 3 1/2 Storey data is updated quarterly, averaging 9.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 150.000 Unit in Mar 2003 and a record low of 0.000 Unit in Dec 2016. CPMS: Shop: Completed: Launched: Pulau Pinang: 3 to 3 1/2 Storey 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.EB075: Commercial Property Market Status: Shop: Launched: Unit: Completed.

Malaysia CPMS: Shop: Completed: Unsold: Perlis: 3 to 3 1/2 Storey data was reported at 0.000 MYR mn in Mar 2018. This stayed constant from the previous number of 0.000 MYR mn for Dec 2017. Malaysia CPMS: Shop: Completed: Unsold: Perlis: 3 to 3 1/2 Storey data is updated quarterly, averaging 0.000 MYR mn from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 17.940 MYR mn in Mar 2017 and a record low of 0.000 MYR mn in Mar 2018. Malaysia CPMS: Shop: Completed: Unsold: Perlis: 3 to 3 1/2 Storey 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.EB078: Commercial Property Market Status: Shop: Unsold: Value: Completed.

CPMS: Shop: Not Constructed: LA: Melaka: Detached data was reported at 0.000 Unit in Mar 2018. This stayed constant from the previous number of 0.000 Unit for Dec 2017. CPMS: Shop: Not Constructed: LA: Melaka: Detached data is updated quarterly, averaging 0.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. CPMS: Shop: Not Constructed: LA: Melaka: Detached 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.EB077: Commercial Property Market Status: Shop: Launched: Unit: Not Constructed.

CPMS: Shop: Completed: Unsold: 3 to 3 1/2 Storey data was reported at 983.000 Unit in Jun 2018. This records a decrease from the previous number of 1,033.000 Unit for Mar 2018. CPMS: Shop: Completed: Unsold: 3 to 3 1/2 Storey data is updated quarterly, averaging 853.500 Unit from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 1,415.000 Unit in Dec 2017 and a record low of 207.000 Unit in Sep 2003. CPMS: Shop: Completed: Unsold: 3 to 3 1/2 Storey 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.EB081: Commercial Property Market Status: Shop: Unsold: Unit: Completed.

CPMS: Shop: Completed: Unsold: Negeri Sembilan: Above 5 1/2 data was reported at 0.000 Unit in Mar 2018. This stayed constant from the previous number of 0.000 Unit for Dec 2017. CPMS: Shop: Completed: Unsold: Negeri Sembilan: Above 5 1/2 data is updated quarterly, averaging 0.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 10.000 Unit in Mar 2006 and a record low of 0.000 Unit in Mar 2018. CPMS: Shop: Completed: Unsold: Negeri Sembilan: Above 5 1/2 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.EB081: Commercial Property Market Status: Shop: Unsold: Unit: Completed.

MY: CPMS: Shop: Completed: Unsold: Negeri Sembilan: Semi-Detached data was reported at 0.000 MYR mn in Mar 2018. This stayed constant from the previous number of 0.000 MYR mn for Dec 2017. MY: CPMS: Shop: Completed: Unsold: Negeri Sembilan: Semi-Detached data is updated quarterly, averaging 0.000 MYR mn from Mar 2003 (Median) to Mar 2018, with 61 observations. MY: CPMS: Shop: Completed: Unsold: Negeri Sembilan: Semi-Detached 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.EB078: Commercial Property Market Status: Shop: Unsold: Value: Completed.

Malaysia CPMS: Shop: Not Constructed: LA: Perlis: 1 to 1 1/2 Storey data was reported at 0.000 Unit in Mar 2018. This stayed constant from the previous number of 0.000 Unit for Dec 2017. Malaysia CPMS: Shop: Not Constructed: LA: Perlis: 1 to 1 1/2 Storey data is updated quarterly, averaging 0.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. Malaysia CPMS: Shop: Not Constructed: LA: Perlis: 1 to 1 1/2 Storey 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.EB077: Commercial Property Market Status: Shop: Launched: Unit: Not Constructed.

CPMS: Shop: Launched: Pahang: Detached data was reported at 0.000 Unit in Mar 2018. This stayed constant from the previous number of 0.000 Unit for Dec 2017. CPMS: Shop: Launched: Pahang: Detached data is updated quarterly, averaging 0.000 Unit from Jun 2002 (Median) to Mar 2018, with 64 observations. CPMS: Shop: Launched: Pahang: Detached 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.EB074: Commercial Property Market Status: Shop: Launched: Unit.