| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 23.73 Billion |
| Market Size (2030) | USD 31.61 Billion |
| CAGR (2025 - 2030) | 5.90% |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Malaysia Residential Real Estate Market Analysis
The Malaysia Residential Real Estate Market size is estimated at USD 23.73 billion in 2025, and is expected to reach USD 31.61 billion by 2030, at a CAGR of 5.9% during the forecast period (2025-2030).
- In 2022, Malaysia's residential real estate market recovered with increasing demand skewed toward cheap housing. Due to the possibility of strong demand for residences among the young generation, the developers are cautiously optimistic about property prospects in the medium to long term.
- Malaysia's residential real estate market performed less well than projected in the first quarter of 2021. The resurgence of COVID-19 infections and the reimposition of strict Movement Control Order (MCO 2.0) requirements are two significant factors for the decreased performance.
- According to the Malaysia Property Market Index, the total median asking price in four main Malaysian markets (Kuala Lumpur, Selangor, Penang, and Johor) fell by -1.79% Y-o-Y in Q1 2021. Subsale residential property market saw high Y-o-Y demand growth of +19.2% in the first half of 2021.
- Increased innovation and a stronger focus on digital solutions are two good outcomes of a pandemic-stricken property business. By engaging with buyers through online activities, key property players have expedited their efforts to advertise products.
- Due to the inability to inspect properties in person due to the COVID-19 induced lockdowns, property buyers have shifted their focus to online browsing, fueled by substantial discounts offered by Malaysian developers for newly launched properties.
- Furthermore, the government's Home Ownership Campaign (HOC) was extended until December 2021. During Q1 2021, the total property market had a -5% Y-o-Y reduction in median asking prices. However, demand for subsale properties in Kuala Lumpur increased by 8.1% Y-o-Y in Q1 2021.
Malaysia Residential Real Estate Market Trends
Increase in Urbanization Boosting Demand for Residential Real Estate
Malaysia is currently one of the most urbanized countries in East Asia and one of the most rapidly urbanized regions worldwide. People from rural areas are migrating to urban areas due to the economy and employment shifting from agriculture to industry and services.
The population of Malaysia is growing rapidly, giving rise to the demand for more housing, commercial buildings, social spaces, and infrastructure. Thus, the Malaysian government is dedicated to providing appropriate, high-quality, and affordable housing.
The government is dedicated to providing inexpensive housing for the younger generation and concentrating on building affordable housing in small towns and suburbs to boost the likelihood of people purchasing a property.
This statistic shows the growing urbanization in Malaysia from 2017 to 2021. Urbanization means the share of the urban population in the total population of a country. In 2021, 77.7% of Malaysia's total population lived in urban areas and cities.
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Government Initiatives Driving the Market
Malaysia's property market is expected to rebound in 2022 as more demand will likely be skewed toward affordable housing. The 12th Malaysia Plan (12MP) will have nine areas of focus covering the economy, poverty, and income gaps.
Malaysian government policies and regulations have led to the increase in the development of new project units in the country. Several workers and on-site development projects and construction activities have been involved over time, leading to massive ongoing developments across the country.
The government plans to build 500,000 affordable homes for income earners in the bottom 40% (B40) and middle 40% (M40) groups, along with MYR 2.25 billion (USD 52.8 Million) allocations during the 12 MP period to build and repair 85,500 housing units for the poor under the Program Bantuan Rumah.
The Malaysian People's Housing Program (PPR) will be given a new direction by the National Affordable Housing Council (MPMMN), which may include additional components aimed at attaining the "Liveable Malaysia" agenda.
New developments in established and popular localities (which continue to command reasonable prices) like Bangsar, Mont Kiara, and Sri Hartamas are helping revive property interest in Kuala Lumpur, while government-led measures to provide more affordable housing options are also making an impact.
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Malaysia Residential Real Estate Industry Overview
Malaysia's residential real estate market is fragmented with many players. The sales proportion of residential real estate properties through online channels consistently grows due to the rising internet penetration, growing demand, increasing personal disposable incomes, surging middle-class youth population, and opportunities offered by government infrastructure investments.
The major players include SP Setia, IOI Properties, UEM Sunrise, Mah Singh Group Bhd, and Matrix Concepts Holdings Bhd.
Malaysia Residential Real Estate Market Leaders
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S P Setia
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IOI Properties
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UEM Sunrise
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Mah Sing Group Bhd
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Matrix Concepts Holdings Bhd
- *Disclaimer: Major Players sorted in no particular order
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Malaysia Residential Real Estate Market News
- December 2022: The south-east Asian real estate technology company, The PropertyGuru Group, has finalized the acquisition of iProperty Malaysia. Given that two brands (PropertyGuru and iProperty) are merging, they currently have a huge duty. The acquisition enables them to concentrate on what they believe is necessary to support their clients, and they aim to provide them with even more value.
- April 2022: Global real estate firm Knight Frank Malaysia expands its presence in the residential property market in Malaysia with the acquisition of Property Hub Sdn Bhd.
Malaysia Residential Real Estate Industry Segmentation
Residential real estate consists of housing for individuals, families, or groups of people. The report provides a complete background analysis of the Malaysian residential real estate market, which includes an assessment of the economy, emerging trends by segments and regional markets, significant changes in market dynamics, market overview, and company profiles.
Malaysia Residential Real Estate Market is Segmented by Type (Apartments and Condominiums and Landed Houses and Villas) and By Key Cities (Kuala Lumpur, Seberang Perai, George Town, Johor Bahru). The report offers market size and forecast in values (USD billion) for all the above segments.
| By Type | Apartments and Condominiums |
| Landed Houses and Villas | |
| By Key Cities | Kuala Lumpur |
| Seberang Perai | |
| George Town | |
| Johor Bahru |
By Type
| Apartments and Condominiums |
| Landed Houses and Villas |
By Key Cities
| Kuala Lumpur |
| Seberang Perai |
| George Town |
| Johor Bahru |
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Malaysia Residential Real Estate Market Research FAQs
How big is the Malaysia Residential Real Estate Market?
The Malaysia Residential Real Estate Market size is expected to reach USD 23.73 billion in 2025 and grow at a CAGR of 5.90% to reach USD 31.61 billion by 2030.
What is the current Malaysia Residential Real Estate Market size?
In 2025, the Malaysia Residential Real Estate Market size is expected to reach USD 23.73 billion.
Who are the key players in Malaysia Residential Real Estate Market?
S P Setia, IOI Properties, UEM Sunrise, Mah Sing Group Bhd and Matrix Concepts Holdings Bhd are the major companies operating in the Malaysia Residential Real Estate Market.
What years does this Malaysia Residential Real Estate Market cover, and what was the market size in 2024?
In 2024, the Malaysia Residential Real Estate Market size was estimated at USD 22.33 billion. The report covers the Malaysia Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Malaysia Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Malaysia Residential Real Estate Industry Report
Statistics for the 2025 Malaysia Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Residential Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
