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.

Graph and download economic data for Residential Property Prices for Malaysia (QMYN368BIS) from Q1 1989 to Q4 2024 about Malaysia, residential, housing, and price.

The Report Covers Malaysia Residential Property Market Outlook and it is Segmented By Type (Apartments and Condominiums and Landed Houses and Villas) and By Key Cities (Kuala Lumpur, Seberang Perai, George Town, and Johor Bahru). The market size and forecast are provided in terms of values (USD billion) for all the above segments.

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.

The house price index in Malaysia reached 216.5 in 2023, an increase of more than twofold compared to the base index of 100 in 2010. The price index, which measures the average change in prices over a period of time, indicated that the value of housing in the country continued to increase every year since 2014. Recovery in the housing market Malaysia’s real estate industry was significantly hit by the COVID-19 pandemic but showed signs of recovery in 2022 when the restrictions were finally lifted. Subsequently, the housing market also signaled a positive recovery, with the transaction value of the residential sector growing by approximately 22 percent in the same year. Going into 2024, despite uncertainties in the global economy, the housing market in Malaysia is likely to experience more growth. Demand for more affordable housing Although the real estate market is recovering and the inflation rate in the country has slowed down, the average price of houses reached nearly 450,000 Malaysian ringgit in 2022, an increase of around 12,000 Malaysian ringgit compared to the previous year. According to a survey conducted in the capital city, Kuala Lumpur, the majority of potential home buyers had a housing budget of less than 250,000 Malaysian ringgit. As of 2024, the Malaysian government already has several low-cost housing schemes catered for the B40 lower-income and M40 middle-income groups. Nevertheless, with the rising residential prices and current cost of living, there will be more demand for affordable housing options among home buyers.

The Malaysian real estate market, valued at $36.76 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 6.64% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, a burgeoning population and increasing urbanization are creating consistent demand for both residential and commercial properties. Government initiatives aimed at boosting infrastructure development and attracting foreign investment further stimulate market activity. The residential sector, encompassing villas, apartments, and other housing types, is expected to remain a significant contributor to overall growth, driven by rising disposable incomes and a preference for improved living standards. Meanwhile, the commercial sector, including offices, retail spaces, hospitality, and industrial properties, will benefit from a growing economy and increasing foreign direct investment. However, potential challenges exist. Interest rate fluctuations and regulatory changes could impact market stability. Moreover, maintaining sustainable development practices and addressing affordability concerns within the residential market will be crucial for long-term, healthy growth. The segmentation of the market reveals strong performance across various property types. Major players like Hartamas Real Estate, SP Setia Bhd, and IJM Corporation Berhad are leading the development and investment activities, shaping the competitive landscape. While the provided data focuses on Malaysia, future analysis could benefit from a deeper regional breakdown within the country, identifying key growth pockets and understanding localized market dynamics. The forecast period of 2025-2033 presents significant opportunities for investors and developers who can successfully navigate the market’s inherent challenges and leverage emerging trends such as sustainable construction and technology-driven property management solutions. The long-term outlook for the Malaysian real estate market remains positive, with substantial potential for continued expansion fueled by favorable economic conditions and a proactive government approach. This comprehensive report provides an in-depth analysis of the Malaysian real estate market, covering the historical period (2019-2024), base year (2025), and forecast period (2025-2033). It offers invaluable insights into market trends, key players, investment opportunities, and challenges for investors, developers, and stakeholders in the Malaysian property sector. With a focus on high-search-volume keywords like Malaysia property market, Malaysian real estate investment, Kuala Lumpur property prices, and Malaysia residential real estate, this report is designed for maximum visibility and accessibility. Recent developments include: July 2023: Sentral REIT had entered into a deal with MRCB to acquire the 27-storey Menara CelcomDigi in Petaling Jaya for RM450 million. Sentral REIT had announced that the acquisition will be funded with cash raised through a combination of equity and debt funding exercises., September 2023: Malaysia's SkyWorld, developer of the well-known Genting SkyWorlds Theme Park, has acquired 5,300 square meters of land in Ho Chi Minh City, its first land acquisition in Vietnam. SkyWorld will spend VND350 billion ($14.5 million) on acquiring 100% of the Vietnamese firm's shares.. Key drivers for this market are: 4., Increasing demand for green construction to reduce carbon footprint4.; Introduction of technology for manufactruing the of building construction material. Potential restraints include: 4., High cost of purchasing the equipment for development and manufacturing of various construction material. Notable trends are: Oversupply Causing Problems.

The Malaysian residential property market, valued at $22.41 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 5.90% from 2025 to 2033. This growth is fueled by several key drivers. A burgeoning population, particularly within urban centers like Kuala Lumpur, Johor Bahru, Seberang Perai, and George Town, is creating strong demand for housing across various segments. Increased urbanization and economic development contribute significantly to this demand, with a rising middle class seeking improved living standards and investment opportunities in real estate. Government initiatives promoting affordable housing and infrastructure development further stimulate market activity. The market is segmented by property type (apartments & condominiums, landed houses & villas) and key cities, reflecting diverse preferences and price points. While the market faces challenges like fluctuating interest rates and material costs, the long-term outlook remains positive, driven by ongoing economic growth and sustained population increase. Major players like SP Setia, IOI Properties, and UEM Sunrise are shaping the landscape through large-scale developments and innovative projects. The segment of apartments and condominiums consistently dominates the market share due to affordability and location advantages in urban areas. Landed properties, including houses and villas, maintain a significant presence, appealing to those seeking larger spaces and a more private lifestyle. The geographical distribution of the market reveals Kuala Lumpur as the leading city in terms of property value and transaction volume, reflecting its status as the economic and cultural hub of the nation. However, other major cities like Johor Bahru, benefitting from its strategic location and industrial growth, are also experiencing substantial market expansion. Competition among developers is intense, necessitating innovative designs, sustainable practices, and strategic location choices to attract buyers. The market's resilience amidst economic fluctuations underscores the enduring appeal of residential property as a long-term investment and essential need. 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.. Notable trends are: Increase in Urbanization Boosting Demand for Residential Real Estate.

House Price Index YoY in Malaysia decreased to 1.40 percent in the fourth quarter of 2024 from 4.30 percent in the third quarter of 2024. This dataset includes a chart with historical data for Malaysia House Price Index YoY.

Malaysia Prefabricated Housing comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

MY: Residential: MS: Unsold: Completed: Low Cost House data was reported at 405.000 Unit in Jun 2018. This records a decrease from the previous number of 407.000 Unit for Mar 2018. MY: Residential: MS: Unsold: Completed: Low Cost House data is updated quarterly, averaging 500.500 Unit from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 1,304.000 Unit in Mar 2009 and a record low of 217.000 Unit in Dec 2015. MY: Residential: MS: Unsold: Completed: Low Cost House 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.EB024: Residential Property Market Status: Unsold: Unit: Completed.

According to a survey conducted on potential home buyers in Malaysia in June 2024, 30 percent of respondents said their preferred type of house was a terrace house. Meanwhile, 27 percent of respondents said their preferred type of residential was a condominium.

MY: Residential: MS: Unsold: Completed: KL: Detached data was reported at 10.000 Unit in Mar 2018. This stayed constant from the previous number of 10.000 Unit for Dec 2017. MY: Residential: MS: Unsold: Completed: KL: Detached data is updated quarterly, averaging 10.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 24.000 Unit in Sep 2011 and a record low of 0.000 Unit in Jun 2015. MY: Residential: MS: Unsold: Completed: KL: 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.EB024: Residential Property Market Status: Unsold: Unit: Completed.

According to a survey conducted on potential home buyers in Malaysia in June 2024, 46 percent of respondents said that they were looking to buy a house with three rooms. Meanwhile, six percent of potential home buyers surveyed said they would prefer a house with more than four rooms.

MY: Residential: MS: Unsold: Completed: N.Sembilan: Flat data was reported at 0.000 Unit in Mar 2018. This stayed constant from the previous number of 0.000 Unit for Dec 2017. MY: Residential: MS: Unsold: Completed: N.Sembilan: Flat data is updated quarterly, averaging 21.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. The data reached an all-time high of 942.000 Unit in Sep 2009 and a record low of 0.000 Unit in Mar 2018. MY: Residential: MS: Unsold: Completed: N.Sembilan: Flat 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.EB024: Residential Property Market Status: Unsold: Unit: Completed.

MY: Residential: MS: Unsold: Completed: KL: Single Storey Semi 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. MY: Residential: MS: Unsold: Completed: KL: Single Storey Semi Detached data is updated quarterly, averaging 0.000 Unit from Mar 2003 (Median) to Mar 2018, with 61 observations. MY: Residential: MS: Unsold: Completed: KL: Single Storey 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.EB024: Residential Property Market Status: Unsold: Unit: Completed.

According to a survey conducted on potential home buyers in Malaysia in June 2024, 21 percent of respondents said their planned monthly budget to pay for house installments was between 1,501 to 2,000 Malaysian ringgit. Meanwhile, four percent of respondents had a planned budget of more than 4,001 Malaysian ringgit to pay for house installments.

Residential: CO: LA: Flat: MYR150001-200000 data was reported at 240.000 Unit in Mar 2018. This stayed constant from the previous number of 240.000 Unit for Dec 2017. Residential: CO: LA: Flat: MYR150001-200000 data is updated quarterly, averaging 0.000 Unit from Dec 2003 (Median) to Mar 2018, with 58 observations. The data reached an all-time high of 240.000 Unit in Mar 2018 and a record low of 0.000 Unit in Jun 2015. Residential: CO: LA: Flat: MYR150001-200000 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.EB035: Residential Property Market Status: Launched: Unit: Completed: by Type of Property & Price Range.

According to a survey conducted on potential home buyers in Malaysia in June 2024, 88 percent of respondents said their preferred area for a house was in Klang Valley. Klang Valley is an area in Malaysia centered around the Federal Territories of Kuala Lumpur and Putrajaya, as well as the adjoining cities and towns in the state of Selangor.

Residential: CO: LA: 2 to 3 Storey Terraced: MYR250001-300000 data was reported at 1,745.000 Unit in Mar 2018. This records a decrease from the previous number of 1,827.000 Unit for Dec 2017. Residential: CO: LA: 2 to 3 Storey Terraced: MYR250001-300000 data is updated quarterly, averaging 1,706.500 Unit from Jun 2013 (Median) to Mar 2018, with 20 observations. The data reached an all-time high of 2,378.000 Unit in Jun 2017 and a record low of 1,139.000 Unit in Jun 2015. Residential: CO: LA: 2 to 3 Storey Terraced: MYR250001-300000 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.EB035: Residential Property Market Status: Launched: Unit: Completed: by Type of Property & Price Range.

Malaysia Residential: CO: Unsold: KL: Condominium: MYR250001-300000 data was reported at 18.000 Unit in Mar 2018. This records an increase from the previous number of 0.000 Unit for Dec 2017. Malaysia Residential: CO: Unsold: KL: Condominium: MYR250001-300000 data is updated quarterly, averaging 0.000 Unit from Jun 2013 (Median) to Mar 2018, with 20 observations. The data reached an all-time high of 35.000 Unit in Mar 2015 and a record low of 0.000 Unit in Dec 2017. Malaysia Residential: CO: Unsold: KL: Condominium: MYR250001-300000 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.EB025: Residential Property Market Status: Unsold: Unit: Completed: by Type of Property & Price Range.