KUALA LUMPUR: The Malaysian House Price Index rose 1.7 per cent year-on-year to 235.5 points in the first quarter of 2026, with the average house price reaching RM507,533.
Most states recorded moderate price growth of between 0.3 per cent and 7.2 per cent. Perak remained unchanged, said Valuation and Property Services Department director general Abdul Razak Yusak.
Negri Sembilan and Sabah posted slight declines, Abdul Razak added.
On the overhang situation, he said unsold completed residential units rose 7.6 per cent quarter-on-quarter to 32,801 units worth RM16.37 billion.
The serviced apartment subsector recorded an increase in unsold completed units to 19,263 units worth RM16.52 billion, with nearly 60 per cent priced between RM500,000 and RM1 million.
On the market outlook, Abdul Razak said the property sector continued to reflect a cautious economic environment influenced by global uncertainties, including geopolitical tensions in the Middle East.
Nevertheless, he said measures introduced under Budget 2026 and the Madani Economy framework, including targeted cash assistance, inflation control initiatives and infrastructure investments, are expected to support household purchasing power and strengthen demand in the property market.
Source : https://www.nst.com.my/property/2026/05/1439209/house-prices-edge-higher-q1
