Malaysia’s housing market, and by extension the property sector, remained resilient and stable throughout 2024, supported by brisk demand and new projects, reflecting investor confidence.
According to the Malaysian House Price Index, the average home price stood at RM475,126, with a modest 0.4 per cent rise from a year ago, underscoring the market’s stability amid global economic uncertainties.
Juwai IQI co-founder and group chief executive officer (CEO) Kashif Ansari told Bernama that residential properties played a pivotal role.
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“Residential transactions accounted for 50 per cent of the total value and 63 per cent of the volume of all real estate transactions so far this year,” he said.
Optimism among developers was palpable, with over 32,000 new landed and high-rise homes initiated in the third quarter (3Q)—a substantial 50 per cent jump from 2Q.
Kashif added that developers are not only starting new projects but also delivering completed houses steadily, ensuring a balance between supply and demand.
“The market maintained a measured pace of growth, signalling confidence and the potential for continued expansion,” he said.
Source: Bernama
