Malaysia's property transactions record 0.7 pct growth in third quarter of 2026

Malaysia's property market experienced a modest growth of 0.7% in the third quarter of 2026, with 108,990 transactions valued at RM60.31 billion, according to the Director-General of Valuation and Property Services, Datuk Abdul Razak Yusak. The report, marking the first official data since Budget 2026, highlighted the government's confidence in its strategic initiatives under the MADANI Economy framework, which has bolstered the industry.

The Housing Credit Guarantee Scheme (SJKP), with a RM20 billion increase, has played a significant role in stimulating demand. Property prices remained stable during this period, while construction activities in residential, commercial, and industrial sectors remained active. The residential sector retained its dominance, accounting for 61% of transactions, followed by the agricultural sector at 18.5%.

The commercial subsector grew by 5.3%, and development land by 5.2% year-on-year. The Malaysian House Price Index (MHPI) grew by 0.5%, reaching 235.4 points, with an average house price of RM507,809. The market is expected to maintain stability in line with Malaysia's robust economic growth. Affordable housing transactions, priced at RM300,000 and below, dominated the residential sector, accounting for over 50% of total residential transactions.

While the overall market outlook remains exposed to external economic changes and affordability constraints, strong economic growth and the continued implementation of MADANI initiatives are expected to sustain the property market's growth momentum. The JPPH will continue to monitor the supply and demand dynamics of the property market to ensure balanced and sustainable growth.