the Report Covers Malaysia Commercial Real Estate Market, and It is Segmented by Type (offices, Retail, Industrial, Logistics, Multi-Family, and Hospitality) and by Key Cities (Kuala Lumpur, Seberang Perai, Kajang, Klang, and the Rest of Malaysia). the Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2023, the value of commercial real estate market in Malaysia reached around 126.45 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 Real Estate Industry in Malaysia is Segmented by Type (Residential Real Estate (Villas, Apartments, and Other Types) and Commercial Real Estate (Offices, Retail, Hospitality, Industrial, and Other Types). The Report Offers Market Size and Forecast for the Malaysian Real Estate Market in Value (USD) for the Above Segments.

China's commercial real estate market at the end of 2024 was worth almost as much as the rest of Asia-Pacific combined. As of the last month of 2024, the value of commercial real estate in China was estimated at 5.8 trillion U.S. dollars. In Japan, this figure stood at about 1.9 trillion U.S. dollars.

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 ASEAN Office Real Estate Market Report is Segmented by Geography (Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, and Rest of ASEAN). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

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.

Malaysia CPMS: Shop: Completed: Unsold: Melaka: 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. Malaysia CPMS: Shop: Completed: Unsold: Melaka: Detached data is updated quarterly, averaging 0.000 MYR mn from Mar 2003 (Median) to Mar 2018, with 61 observations. Malaysia CPMS: Shop: Completed: Unsold: 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.EB078: Commercial Property Market Status: Shop: Unsold: Value: Completed.

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.

Malaysia Construction Market size was valued at USD 19.01 Billion in 2024 and is projected to reach USD 28.73 Billion by 2031, growing at a CAGR of 5.3 % from 2024 to 2031.

Malaysia Construction Market Drivers

Government Initiatives and Infrastructure Investment: The Malaysian government plays a pivotal role in the construction industry by funding major infrastructure projects. Programs such as the 12th Malaysia Plan (2021-2025) focus on large-scale public infrastructure improvements, targeting transportation networks, healthcare facilities, and affordable housing. The government’s investments in projects like the Mass Rapid Transit (MRT) and the Pan Borneo Highway reflect a strong commitment to modernizing the country’s infrastructure. Moreover, these projects aim to enhance connectivity, reduce urban congestion, and create job opportunities, leading to sustained construction growth.

Urbanization and Population Growth: Malaysia’s urbanization rate is increasing steadily, with more people moving to urban areas for employment and better living conditions. This demographic shift necessitates extensive infrastructure development, including residential buildings, commercial spaces, transportation networks, and utilities. The urbanization trend, coupled with a growing middle-class population, drives demand for high-rise buildings, housing developments, and recreational facilities, creating a favorable environment for construction activities across the country.

Foreign Direct Investment (FDI) and International Partnerships: Malaysia’s strategic location in Southeast Asia, along with its stable political climate, attracts significant foreign investment, especially in the construction and real estate sectors. Initiatives under the Belt and Road Initiative (BRI) have seen Chinese firms collaborate on large projects, bringing in capital and expertise. Additionally, policies promoting foreign ownership in certain property sectors have increased FDI, further energizing the construction industry. The presence of international players contributes to Malaysia’s economic development and facilitates the adoption of modern construction techniques and technologies.

Malaysia CPMS: Shop: NC: Unsold: Kuala Lumpur: 4 to 4 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: NC: Unsold: Kuala Lumpur: 4 to 4 1/2 Storey 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 14.000 Unit in Jun 2016 and a record low of 0.000 Unit in Mar 2018. Malaysia CPMS: Shop: NC: Unsold: Kuala Lumpur: 4 to 4 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.EB083: Commercial Property Market Status: Shop: Unsold: Unit: Not Constructed.

Malaysia Property Sales: Melaka: Commercial data was reported at 104.587 MYR mn in Mar 2018. This records a decrease from the previous number of 114.376 MYR mn for Dec 2017. Malaysia Property Sales: Melaka: Commercial data is updated quarterly, averaging 142.120 MYR mn from Mar 2002 (Median) to Mar 2018, with 65 observations. The data reached an all-time high of 709.400 MYR mn in Jun 2013 and a record low of 33.670 MYR mn in Mar 2002. Malaysia Property Sales: Melaka: Commercial 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.EB008: Property Sales: Value: by Type of Property.

Malaysia CPMS: Shop: Completed: Unsold: Perlis 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 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 43.170 MYR mn in Mar 2017 and a record low of 0.000 MYR mn in Mar 2018. Malaysia CPMS: Shop: Completed: Unsold: 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.EB078: Commercial Property Market Status: Shop: Unsold: Value: Completed.

Malaysia CPMS: Shop: Completed: Unsold: 3 to 3 1/2 Storey data was reported at 1,089.480 MYR mn in Mar 2018. This records a decrease from the previous number of 1,706.010 MYR mn for Dec 2017. Malaysia CPMS: Shop: Completed: Unsold: 3 to 3 1/2 Storey data is updated quarterly, averaging 437.020 MYR mn from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 1,706.010 MYR mn in Dec 2017 and a record low of 90.090 MYR mn in Sep 2003. Malaysia 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.EB078: Commercial Property Market Status: Shop: Unsold: Value: Completed.

CPMS: Shop: NC: Unsold: Kelantan: 5 to 5 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. CPMS: Shop: NC: Unsold: Kelantan: 5 to 5 1/2 Storey 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 8.000 Unit in Mar 2011 and a record low of 0.000 Unit in Mar 2018. CPMS: Shop: NC: Unsold: Kelantan: 5 to 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.EB083: Commercial Property Market Status: Shop: Unsold: Unit: Not Constructed.

Malaysia CPMS: Shop: Completed: Unsold: Kuala Lumpur: 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. Malaysia CPMS: Shop: Completed: Unsold: Kuala Lumpur: Semi-Detached data is updated quarterly, averaging 0.000 MYR mn from Mar 2003 (Median) to Mar 2018, with 61 observations. Malaysia CPMS: Shop: Completed: Unsold: Kuala Lumpur: 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: Completed: Unsold: Semi-Detached data was reported at 32.000 Unit in Mar 2018. This records an increase from the previous number of 0.000 Unit for Dec 2017. Malaysia CPMS: Shop: Completed: Unsold: Semi-Detached 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 52.000 Unit in Jun 2017 and a record low of 0.000 Unit in Dec 2017. Malaysia CPMS: Shop: Completed: Unsold: 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.EB081: Commercial Property Market Status: Shop: Unsold: Unit: Completed.

Malaysia CPMS: Shop: Completed: Unsold: Kuala Lumpur: 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. Malaysia CPMS: Shop: Completed: Unsold: Kuala Lumpur: Detached data is updated quarterly, averaging 0.000 MYR mn from Mar 2003 (Median) to Mar 2018, with 61 observations. Malaysia CPMS: Shop: Completed: Unsold: Kuala Lumpur: 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 Number of Property Sales: Commercial:Company&Company data was reported at 3,561.000 Unit in 2017. This records a decrease from the previous number of 4,146.000 Unit for 2016. Malaysia Number of Property Sales: Commercial:Company&Company data is updated yearly, averaging 5,905.000 Unit from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 8,885.000 Unit in 2012 and a record low of 3,538.000 Unit in 2002. Malaysia Number of Property Sales: Commercial:Company&Company 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.EB007: Property Sales: Unit: Annual: by Transaction Market.

Malaysia CPMS: Shop: Completed: Unsold: Sabah data was reported at 228.000 Unit in Mar 2018. This stayed constant from the previous number of 228.000 Unit for Dec 2017. Malaysia CPMS: Shop: Completed: Unsold: Sabah data is updated quarterly, averaging 207.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 412.000 Unit in Sep 2008 and a record low of 39.000 Unit in Sep 2004. Malaysia CPMS: Shop: Completed: Unsold: Sabah 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. Soho included in Total Shop from Q1 2014 to Q1 2016. Services Apartment included in Total Shop on time point Q1 2016.