Malaysia’s secondary property market is heating up, and the latest numbers prove it.
The average price of a subsale (resale) home in Malaysia rose 4.8% year-on-year to RM545,059 in the first quarter of 2026, according to Juwai IQI’s latest Residential Subsale Market Report.
Even more striking? Kuala Lumpur has officially crossed the RM1 million barrier.
The report is based on more than 230,000 residential subsale transactions recorded since 2018, giving a clearer picture of how Malaysia’s resale housing market is moving and where buyer demand remains strongest.
The average price of a resale home in Malaysia climbed nearly five per cent over the past year, which reflects buyer confidence in the market.
Kashif Ansari, Co-Founder and Group CEO of Juwai IQI
Kuala Lumpur recorded the strongest price growth among the key markets highlighted in the report.
In the capital, buyers paid 15% more on average for subsale homes in Q1 2026 compared to a year earlier. This pushed the average Kuala Lumpur subsale home price to RM1.02 million.
Demand for resale houses was strongest in the first quarter. In Kuala Lumpur, the country’s largest urban resale market, buyers paid 15 per cent more on average for subsale homes in the first quarter of 2026, compared to a year earlier. The average price for a subsale home in KL is now RM1.02 million.
Kashif Ansari, co-founder and group CEO of Juwai IQI.
Despite the stronger headline numbers, the report points to an encouraging trend for ordinary homebuyers.
A large share of Malaysia’s subsale activity is still happening in the affordable and middle-market segments. Nearly one in four subsale transactions were for homes priced at RM250,000 or below, while roughly seven in ten transactions were for homes priced at RM500,000 or below.
“So, a majority of purchases are made by entry-level and middle-market buyers. That’s good news,” said Kashif.
This suggests that Malaysia’s subsale market is not being driven only by high-end purchases. Instead, demand remains broad-based, with many buyers still focused on practical and more affordable homes. If you’re one of them, here’s our step-by-step guide to buying a house in Malaysia
The national average hides important regional differences. Here’s how the key states performed:
| State | Q1 2026 Trend | Average Subsale Price |
|---|---|---|
| Kuala Lumpur | ▲ Up 15% | RM1.02 million |
| Selangor | ▬ Stable (largest market by volume) | RM559,935 |
| Penang | ▼ Eased ~2% | — |
| Negeri Sembilan | ▼ Eased ~5% | RM340,207 |
| Melaka | — | (now pricier than N. Sembilan) |
Selangor, the country’s largest subsale market by transaction volume, stayed essentially flat year-on-year at RM559,935.
Meanwhile, Penang and Negeri Sembilan saw modest easing of 2% and 5% respectively, consistent with the broader shift toward more entry-level price points.
A notable change: Negeri Sembilan has overtaken Melaka as the most accessible market among these five states, with an average subsale price of just RM340,207.
What This Means for Buyers and Investors?
For homebuyers, the message is mixed but reassuring: while KL has crossed a symbolic threshold, affordable options remain widespread, especially in states like Negeri Sembilan and across the sub-RM500,000 band that dominates the market.
For investors, the data points to where momentum lives, with KL commanding premium growth, while Selangor offers stability and emerging states offer accessible entry points. For those weighing the capital, here’s why investors still choose KL.
The subsale market remains a powerful indicator of real, transacted demand, because unlike new launches, these are prices buyers are actually paying today.
Juwai IQI’s Q1 2026 Residential Subsale Market Report was featured in Malay Mail.
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