11/05/2025
๐ ๐ฎ๐น๐ฎ๐๐๐ถ๐ฎ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: ๐ค๐ญ ๐ฎ๐ฌ๐ฎ๐ฑ ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐
The Malaysian property market experienced a mixed performance in the first quarter of 2025, marked by a decline in transaction volumes but a notable surge in residential construction activity.
According to the Valuation and Property Services Department (JPPH), the marketโs resilience is underpinned by government initiatives and strategic infrastructure developments.
๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป๐
โข Total Transactions: 97,772, representing a 6.2% decrease compared to Q1 2024.
โข Total Value: RM51.42 billion, down 8.9% from the same period last year.
Despite the slowdown, the residential sector remained dominant, accounting for over 59,000 transactions valued at more than RM24 billion.
๐๏ธ ๐๐ผ๐ป๐๐๐ฟ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ฐ๐๐ถ๐๐ถ๐๐
โข Completed Units: Increased by 30.2% year-on-year to 9,329 units.
โข Housing Starts: Rose by 32.5% to 28,344 units.
โข New Residential Launches: More than doubled to 12,498 units, with a sales performance of 10.8%.
This surge indicates a strengthening development trajectory for the residential subsector. ๏ฟผ
๐ฐ ๐๐ผ๐๐๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ & ๐ข๐๐ฒ๐ฟ๐ต๐ฎ๐ป๐ด
โข Malaysian House Price Index (MHPI): Stood at 225.3 points, with an average house price of RM486,070 per unit, reflecting an annual growth rate of 0.9%.
โข Residential Overhang: Recorded at 23,515 units valued at RM15 billion, showing a marginal increase of 1.6% in volume and 7.7% in value from Q4 2024. ๏ฟผ
The slight uptick in overhang suggests a need for continued monitoring of unsold units in the market.
๐๏ธ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐
โข Kuala Lumpur: Reported the highest residential overhang at 4,234 units, accounting for about 18.3% of the national total.
โข Johor: Noted a reduction in serviced apartment overhang by 5.6%, attributed to initiatives like the Forest City Special Financial Zone and the Johor-Singapore Special Economic Zone.
These regional developments are expected to stimulate demand and reduce property overhangs.
๐ข ๐๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ถ๐ฎ๐น & ๐ฅ๐ฒ๐๐ฎ๐ถ๐น ๐ฆ๐ฒ๐ฐ๐๐ผ๐ฟ๐
The occupancy rate for shopping complexes recorded a marginal increase to 79% in Q1 2025, up from 78.8% in the same period last year. This improvement indicates a gradual recovery in the retail sector. ๏ฟผ
๐ ๐ข๐๐๐น๐ผ๐ผ๐ธ
JPPH Director-General Abdul Razak Yusak expressed optimism about the marketโs resilience, citing government support through initiatives like the Program Residensi Rakyat (PRR), Projek Rumah Mesra Rakyat (RMR), and strategic infrastructure projects. These efforts are expected to sustain positive momentum in the property market throughout 2025.
