Graph and download economic data for Real Residential Property Prices for Malaysia (QMYR628BIS) from Q1 1988 to Q3 2024 about Malaysia, residential, HPI, housing, real, price index, indexes, and price.

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.

In 2023, the price index of high-rise houses in Malaysia was 215.1, an increase from 206.1 in the year before. The price index shows the changes in prices during the observed period, as compared to the base value of 100 in 2010.

Malaysia House Price Index: Annual: Sarawak data was reported at 240.300 2000=100 in 2016. This records an increase from the previous number of 228.800 2000=100 for 2015. Malaysia House Price Index: Annual: Sarawak data is updated yearly, averaging 138.500 2000=100 from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 240.300 2000=100 in 2016 and a record low of 95.900 2000=100 in 1999. Malaysia House Price Index: Annual: Sarawak 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.EB002: House Price Index: 2000=100.

In 2023, the price index of detached house in Malaysia was 168, an increase from 164.3 in the year before. The price index shows the changes in prices during the observed period, as compared to the base value of 100 in 2010.

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.

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.

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.

In 2023, the price index of terraced house in Malaysia was 243.4, an increase from 232.8 in the year before. The price index shows the changes in prices during the observed period, as compared to the base value of 100 in 2010.

Malaysia House Price Index: Annual: Semi Detached House: Selangor data was reported at 170.800 1990=100 in 2001. This records a decrease from the previous number of 171.600 1990=100 for 2000. Malaysia House Price Index: Annual: Semi Detached House: Selangor data is updated yearly, averaging 125.950 1990=100 from Dec 1988 (Median) to 2001, with 14 observations. The data reached an all-time high of 185.000 1990=100 in 1997 and a record low of 90.500 1990=100 in 1988. Malaysia House Price Index: Annual: Semi 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.EB003: House Price Index: 1990=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 House Price Index: Perak data was reported at 254.500 2000=100 in Dec 2016. This records an increase from the previous number of 253.800 2000=100 for Sep 2016. Malaysia House Price Index: Perak data is updated quarterly, averaging 143.600 2000=100 from Mar 2000 (Median) to Dec 2016, with 68 observations. The data reached an all-time high of 254.500 2000=100 in Dec 2016 and a record low of 98.800 2000=100 in Mar 2000. Malaysia House Price Index: 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.EB002: House Price Index: 2000=100.

Malaysia House Price Index: Detached House: Kelantan data was reported at 154.800 2000=100 in Dec 2016. This records a decrease from the previous number of 155.800 2000=100 for Sep 2016. Malaysia House Price Index: Detached House: Kelantan data is updated quarterly, averaging 101.950 2000=100 from Mar 2000 to Dec 2016, with 68 observations. The data reached an all-time high of 155.800 2000=100 in Sep 2016 and a record low of 68.900 2000=100 in Mar 2000. Malaysia House Price Index: Detached House: Kelantan 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.EB002: House Price Index: 2000=100.

In 2023, the price index of semi-detached house in Malaysia was 189.7, an increase from 183.7 in the year before. The price index shows the changes in prices during the observed period, as compared to the base value of 100 in 2010.

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.

Malaysia House Price Index: Melaka data was reported at 153.000 1990=100 in Dec 2001. This records an increase from the previous number of 151.600 1990=100 for Jun 2001. Malaysia House Price Index: Melaka data is updated semiannually, averaging 140.800 1990=100 from Jun 1997 (Median) to Dec 2001, with 10 observations. The data reached an all-time high of 153.000 1990=100 in Dec 2001 and a record low of 122.600 1990=100 in Jun 1999. Malaysia House Price Index: Melaka 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.

Malaysia Consumer Price Index (CPI): Housing,Water,Electricity,Gas & Other Fuels (HW) data was reported at 130.100 2010=100 in Jan 2025. This records an increase from the previous number of 130.000 2010=100 for Dec 2024. Malaysia Consumer Price Index (CPI): Housing,Water,Electricity,Gas & Other Fuels (HW) data is updated monthly, averaging 110.100 2010=100 from Jan 2005 (Median) to Jan 2025, with 241 observations. The data reached an all-time high of 130.100 2010=100 in Jan 2025 and a record low of 92.800 2010=100 in Jan 2005. Malaysia Consumer Price Index (CPI): Housing,Water,Electricity,Gas & Other Fuels (HW) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Malaysia – Table MY.I001: Consumer Price Index: 2010=100.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Malaysia Residential: CO: Unsold: Selangor: Town House: > MYR1000000 data was reported at 94.000 Unit in Mar 2018. This records a decrease from the previous number of 102.000 Unit for Dec 2017. Malaysia Residential: CO: Unsold: Selangor: Town House: > MYR1000000 data is updated quarterly, averaging 0.000 Unit from Dec 2007 (Median) to Mar 2018, with 42 observations. The data reached an all-time high of 102.000 Unit in Dec 2017 and a record low of 0.000 Unit in Mar 2016. Malaysia Residential: CO: Unsold: Selangor: Town House: > MYR1000000 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.

According to a survey among consumers in Malaysia on property ownership, as of June 2023, 87 of respondents said the biggest challenge to purchase a property was high property price. Another 66 percent of respondents stated that their main reason not to buy a house was the interest rate.