Malaysia’s property market started 2025 on a mixed note, with strong construction activity continuing amid a slight dip in overall transactions. The Q1 2025 Property Market Report, released by the Valuation and Property Services Department (JPPH) on May 9, 2025 showed a 6.2% decline in transactions to 97,772 and an 8.9% drop in value to RM51.42bil.
This decline is viewed as an expected market correction following a preceding seven quarters of growth, excluding a minor correction in Q2 2024. Despite the slowdown, transaction volumes remain higher than those in Q1 2022 and Q1 2023, highlighting the market’s resilience.
Residential properties continued to form the bedrock of Malaysia’s property landscape, contributing over 59,000 transactions valued at RM24.52bil—accounting for more than 60% of total market activity. Yet, the segment experienced a year-on-year dip of 5.6% in transaction volume and a 2.9% decline in value.
