Written by Muhazrol Muhamad. GVP, Head of Bumiputra Segment

The recently released Laporan Pasaran Harta 2024 by NAPIC confirms what many property players have long observed: terraced houses remain the top choice among Malaysian homebuyers.

Despite the rise of high-rise living and new trends in urban design, terraced homes continue to lead the residential property market—both in transaction volume and buyer sentiment.

Terraced Homes Top the Chart Again

According to the report, Terraced Houses recorded the highest number of residential transactions in 2024, with a total of 112,243 transactions, far surpassing other residential property types. This category includes both single-storey and 2-3 storey variations, although NAPIC does not break down the volume by storey count in transaction data.

In terms of new launches, 2-3 storey terraced houses (23,462 units) and single storey terraced houses (16,621 units) together made up 52.9% of all new residential units launched in 2024.

This reflects continued market confidence and strong preference for landed properties.

The Cultural Comfort of ‘Landed Living’

Malaysians value space, privacy, and multigenerational living, making terraced homes in suburban areas a top choice.

These landed properties offer the comfort of a backyard, renovation potential, and a strong sense of community—features that continue to appeal to middle-income buyers.

Affordability Meets Practicality Compared to semi-detached or detached homes, terraced houses provide better affordability while still offering more living space than a typical apartment. This makes them particularly attractive to:

• First-time homebuyers

• Young families

• Upgraders from flats or low-cost apartments
  

With many units priced below RM500,000 in suburban hotspots, terraced homes continue to fall within the sweet spot of affordability.

Developer Confidence Reflects Market Demand

Terraced homes aren’t just popular in the secondary (subsale) market—they remain a key product in new township developments nationwide. Developers continue to launch them confidently, often positioning terraced units as the cornerstone of integrated projects that include green spaces, schools, and retail facilities.

New townships in Selangor (Bandar Puncak Alam, Semenyih), Johor (Bandar Seri Alam, Iskandar Puteri) and Penang Mainland (Bukit Mertajam, Simpang Ampat) clearly illustrate this ongoing demand.

Stable Investment Outlook

From an investment perspective, terraced houses tend to enjoy steady capital appreciation and consistent rental demand.

Unlike many high-rise properties, they are less exposed to risks of oversupply and usually maintain better value during market fluctuations.

For investors with a medium- to long-term horizon, landed terraced homes remain a solid, dependable asset.

In a market shaped by evolving trends and diverse product offerings, terraced houses continue to represent a dependable and practical choice.

The data from NAPIC reinforces this lasting appeal, proving yet again that Malaysian buyers prefer landed, affordable, and family-oriented homes.

As urban areas expand and affordability remains a central concern, terraced homes are likely to retain their place as Malaysia’s preferred residential option for years to come.