Malaysia’s National Property Information Centre (NAPIC) recently released its Property Market Activity and Status reports for 2022. The property market has shown a significant improvement compared to the previous year.
Learn more about Malaysia’s property market in 2022 below!
1. Summary
2022 saw an increase of 29.5% in property transaction volume respectively, compared to the same period in 2021.
The property market saw a transaction value of RM179.07 billion and a total volume of 389,107 units in 2022.
2. Transaction Value By Sub-sector
2022 showed a total of RM179.07 billion in total transaction value. The highest contributor was the residential sector, bringing in a total of RM94.28 billion, followed by the commercial sector with a value of RM32.61 billion.
| Residential | RM94.28 billion |
| Commercial | RM32.61 billion |
| Industrial | RM21.16 billion |
| Agriculture | RM17.86 billion |
| Development land & others | RM13.16 billion |
3. Transaction Volume By Sub-sector
2022 saw a total of 389,107 transactions, with the highest contributor being the residential sector, bringing in a total of 62.5% of the total transaction volume, followed by the agriculture sector with 21.1%.
| Residential | 243,190 units |
| Commercial | 32,809 units |
| Industrial | 8,082 units |
| Agriculture | 82,040 units |
| Development land & others | 22,986 units |
4. Transaction Volume: Year-on-Year (Y-o-Y) Change
The volume of transactions in 2022 had a significant jump compared to the previous period, with an growth of 29.5% at 389,107 transactions. The previous period, 2021 showed a number of 300,497 transactions.
5. Newly Launched Residential Units
In 2022, there were a total of 24,366 residential high-rise units launched, as well as some 29,752 units of landed homes, making up a total of 54,118 units.
From this total, 8,012 units of high-rises and 11,485 units of landed homes were sold, comprising of 38.6% and 32.9% of the total units respectively. In total, 19,497 units were sold, at 36.0% of the total number of units.
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