02/05/2024
This is the main reason why young people opted to rent or live with their parents as they can't afford to buy a home. It's disheartening for the younger generations.
But good news, I'm delighted to introduce a fantastic opportunity in Desa Tasik, Bandar Tasik Selatan. Our project offers the same quality as a RM600,000 condo, but at half the price. With limited units available, why not reach out for more details and assistance? I'll be happy to help ๐
Nurezaty Mohd Noor
013 3200 472
REN Homefield Real Estate Sdn Bhd
The price of a new apartment has risen to an average of RM582,887 in Malaysia, according to data released by global real estate network IQI.
IQI, which is a member of the international real estate technology group Juwai IQI, said in its Residential Sales Market Report for Malaysiaโs first quarter of 2024 that this figure was above the National Property Information Centreโs (NAPIC) 2023 average house price, which was RM467,144.
According to Juwai IQI co-founder and group ceo Kashif Ansari, the average subsale sales price across Malaysia in the first quarter of the year was RM521,614 and was highest in Kuala Lumpur.
โIt is no surprise that Kuala Lumpur has the most expensive property in the country. The average subsale home price in Kuala Lumpur is RM801,557. New homes are somewhat more affordable, with an average price of RM708,462.
โAfter Kuala Lumpur, the three most expensive states for subsale homes are Sarawak (RM572,680), Sabah (RM526,510), and Johor (RM447,727). The next three most expensive states for new home sales are Johor, Sabah, and Kedah,โ he said in a statement.
The report is based on the analysis of more than 70,000 residential sales in the subsale and new project markets across Malaysia since 2018.