Malaysia’s National Property Information Centre (NAPIC) recently released its Property Market Activity and Status reports for the first half of 2022 (H1 2022). The property market has shown an improvement since the COVID-19 pandemic, seeing a notable growth year-on-year.
Learn more about Malaysia’s H1 property market in 2022 below.
H1 2022 saw an increase of 36.1% and 34.5% in property transaction value and volume respectively, compared to the same period in 2021.
The property market saw a transaction value of RM84.40 billion and a total volume of 188,002 units in H1 2022.
H1 2022 showed a total of RM84.40 billion in total transaction value. The highest contributor was the residential sector, bringing in a total of RM45.62 billion, followed by the commercial sector with a value of RM10.75 billion.
|Development land & others||RM5.43 billion|
H1 2022 saw a total of 188,002 transactions, with the highest contributor being the residential sector, bringing in a total of 61.8% of the total transaction volume, followed by the agriculture sector with 22.1%.
|Development land & others||11,231 units|
The Northern region brought in the most transactions in H1 2022, making up 27.8% of the total transactions in the period. The Central and Southern regions follow closely behind, at 23.9% and 21.5% respectively.
The volume of transactions in H1 2022 had a significant jump compared to the previous period, with an growth of 34.5% at 188,002 transactions. The previous period, H1 2021 showed a number of 139,752 transactions.
In H1 2022, there were a total of 2,009 residential high-rise units launched, as well as some 8,543 units of landed homes, making up a total of 10,552 units.
From this total, 249 units of high-rises and 1,892 units of landed homes were sold, comprising of 12.4% and 22.1% of the total units respectively. In total, 2,141 units were sold, at 20.3% of the total number of units.
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