PUTRAJAYA: Malaysia’s property market grew by 0.7 per cent in the third quarter of 2026, recording 108,990 transactions compared with the third quarter of 2025, with a total transaction value of RM60.31 billion.
The Director-General of Valuation and Property Services, Valuation and Property Services Department (JPPH), Datuk Abdul Razak Yusak, said the growth in the property market reflected the industry’s confidence in the government’s strategic initiatives under the MADANI Economy framework, which provides a foundation for strengthening the property market and benefiting the people.
Among the initiatives outlined in Budget 2026 was the increase in government guarantees of up to RM20 billion under the Housing Credit Guarantee Scheme (SJKP) for housing financing, which has helped stimulate demand in the property market. "This also ensures that the people have the opportunity to own homes,” he said in a statement today in conjunction with the launch of the Third Quarter 2026 Property Market Report.
In the same statement, JPPH said that property prices remained stable, while construction activities in the residential, commercial and industrial subsectors continued to remain active.
Other key highlights of the property market performance in the third quarter of 2026 included the residential subsector maintaining its dominance, accounting for the largest share of property transactions at 61 per cent, followed by the agricultural subsector at 18.5 per cent.
"Year-on-year performance showed that the commercial subsector recorded growth of 5.3 per cent, while development land registered growth of 5.2 per cent. The Malaysian House Price Index (MHPI) recorded positive growth of 0.5 per cent, reaching 235.4 points, with an average house price of RM507,809 per unit,” the statement said.
According to the statement, the property market is expected to maintain stable performance in line with Malaysia’s strong economic growth.
"The effectiveness of the MADANI Government’s initiatives is reflected in the fact that affordable housing transactions priced at RM300,000 and below dominated the residential subsector, accounting for more than 50 per cent of total residential transactions. This positive outlook is expected to remain strong, supported by stable property prices, active construction activities and transaction growth in selected subsectors,” the department said.
Nevertheless, the overall market outlook remains exposed to the impact of external economic changes and affordability constraints in property ownership. "Malaysia’s strong economic growth, coupled with the continued implementation of the MADANI Government’s strategic initiatives, will serve as catalysts for sustaining stable growth momentum in the property market,” it added.
JPPH said it will continue to strengthen its comprehensive and ongoing monitoring of the supply and demand dynamics of the country's property market to ensure more balanced and sustainable market growth. - Bernama
