Malaysia’s National Property Information Centre (NAPIC) recently released its Property Market Activity and Status reports for the first half of 2022 (H1 2022). The property market has improved since the COVID-19 pandemic, seeing notable growth year-on-year.
1. Summary
H1 2022 saw an increase of 36.1% and 34.5% in property transaction value and volume, respectively, compared to the same period in 2021.
The property market saw a transaction value of RM84.40 billion and a total volume of 188,002 units in H1 2022.
2. Transaction Value By Sub-sector
H1 2022 showed a total of RM84.40 billion in total transaction value. The highest contributor was the residential sector, bringing in a total of RM45.62 billion, followed by the commercial sector, with a value of RM10.75 billion.
| Residential | RM45.62 billion |
| Commercial | RM14.02 billion |
| Industrial | RM10.75 billion |
| Agriculture | RM8.58 billion |
| Development land & others | RM5.43 billion |
3. Transaction Volume By Sub-sector
H1 2022 saw a total of 188,002 transactions, with the highest contributor being the residential sector, bringing in 61.8% of the total transaction volume, followed by the agriculture sector with 22.1%.
| Residential | 116,178 units |
| Commercial | 15,168 units |
| Industrial | 3,830 units |
| Agriculture | 41,595 units |
| Development land & others | 11,231 units |
4. Transaction Volume By Region
The Northern region brought in the most transactions in H1 2022, making up 27.8% of the total transactions in the period. The Central and Southern areas follow closely behind, at 23.9% and 21.5%, respectively.
5. Transaction Volume: Year-on-Year (Y-o-Y) Change
The volume of transactions in H1 2022 had a significant jump compared to the previous period, with a growth of 34.5% at 188,002 transactions. The last period, H1 2021, showed several 139,752 transactions.
6. Newly Launched Residential Units
In H1 2022, 2,009 residential high-rise units were launched, and some 8,543 units of landed homes, making up a total of 10,552 units.
From this total, 249 units of high-rises and 1,892 units of landed homes were sold, comprising 12.4% and 22.1% of the total units, respectively. 2,141 units were sold, 20.3% of the total number of units.
