Malaysia’s real estate sector has hit a remarkable milestone, with 2024 marking the strongest performance in property transactions since 2014. Both transaction volume and value have surged, reflecting a revitalized market fueled by government policies and economic resilience. The latest data reveals a 5.4% increase in transactions, totaling 420,525 deals, while the overall value skyrocketed by 18% to RM232.3 billion—a clear sign of renewed confidence among buyers and investors.
Key drivers behind this growth include strategic economic initiatives under the Madani Economy framework, such as relaxed MM2H visa requirements and large-scale industrial projects. Finance Minister II Datuk Seri Amir Hamzah Azizan highlighted how these measures have reinvigorated market activity, particularly in residential developments. Newly launched housing units reached 75,784, with a sales rate of 37.3%, while the overhang of unsold properties declined significantly—down 10.3% in volume and 21.2% in value compared to 2023.
Infrastructure projects like the Johor-Singapore Special Economic Zone (JS-SEZ) and the Johor Rapid Transit System (RTS) are expected to further stimulate demand. The government has also introduced financial incentives, including expanded housing loan guarantees and tax relief for mid-range home purchases, to sustain momentum. These efforts align with Malaysia’s projected GDP growth of 4.5% to 5.5%, which is anticipated to keep the property market robust into 2025.
Looking ahead, authorities emphasize the importance of accurate data collection to guide policy decisions. The National Property Information Centre (NAPIC) plays a crucial role in monitoring trends, and stakeholders are urged to contribute reliable information. With continued collaboration between developers, planners, and regulators, Malaysia’s property sector appears poised for long-term stability and expansion.