The National Property Information Centre (NAPIC) of Malaysia recently published its Property Market Activity and Status reports for the first half of 2022. (H1 2022). Since the COVID-19 pandemic, the property market has improved, with significant year-on-year growth.
Find out more about Malaysia's H1 property market in 2022 by reading on.
1. Summary
Property transaction value and volume increased by 36.1% and 34.5%, respectively, in H1 2022 compared to the same period in 2021.
In H1 2022, the property market saw a transaction value of RM84.40 billion and a total volume of 188,002 units.
2. Transaction Value By Sub-sector
The total transaction value in H1 2022 was RM84.40 billion. The residential sector contributed the most, totaling RM45.62 billion, followed by the commercial sector, which contributed RM10.75 billion.
Residential | RM45.62 billion |
Commercial | RM14.02 billion |
Industrial | RM10.75 billion |
Agriculture | RM8.58 billion |
Development land and others | RM5.43 billion |
3. Transaction Volume By Sub-sector
H1 2022 saw a total of 188,002 transactions, with the residential sector accounting for 61.8% of the total transaction volume, followed by the agriculture sector with 22.1%.
Residential | 116,178 units |
Commercial | 15,168 units |
Industrial | 3,830 units |
Agriculture | 41,595 units |
Development land and others | 11,231 units |
4. Transaction Volume By Region
The Northern region had the most transactions in H1 2022, accounting for 27.8% of total transactions. The Central and Southern regions come in second and third, with 23.9% and 21.5%, respectively.
5. Transaction Volume: Year-on-Year (Y-o-Y) Change
The volume of transactions increased by 34.5% in H1 2022 compared to the previous period, totaling 188,002 transactions. The previous period, H1 2021, recorded 139,752 transactions.
6. Newly Launched Residential Units
In H1 2022, a total of 2,009 residential high-rise units were launched, along with 8,543 landed home units, for a total of 10,552 units.
From this total, 249 high-rise units and 1,892 landed homes were sold, accounting for 12.4% and 22.1% of the total units, respectively. In total, 2,141 units were sold, accounting for 20.3% of the total number of units available.