Subsale House Market To Continue Growing In 2h 2026 -- Juwai IQI
KUALA LUMPUR, Aug 18 (Bernama) -- Malaysia’s secondary home (subsale) market’s transaction volume is expected to continue to increase and prices to moderately climb in the second half of 2026 (2Q 2026) as more new supply comes onto the market, said real estate agent network Juwai IQI.
Juwai IQI co-founder and group chief executive officer Kashif Ansari said Johor will continue to outperform among states, noting that the Johor-Singapore Special Economic Zone (JS-SEZ) and the fast-approaching launch date of the Johor Bahru-Singapore Rapid Transit System (RTS) Link are adding extra fuel to the market.
“We expect the job market and consumer demand to help maintain economic growth around five per cent.
“That’s fast enough to support the housing market without being so fast that Bank Negara Malaysia will have to lift the overnight policy rate. These stable financing conditions are one of the pillars that support the property market,” he said in a note today.
Meanwhile, Ansari said prices in Malaysia’s subsale market climbed by nearly three per cent in the second quarter versus a year earlier and will continue to rise through the rest of 2026.
He said the national figure obscures the varying performances of the different states as prices jumped most in Penang, climbing by 17.1 per cent to a new median of RM480,000 due to a change in the composition of homes being purchased.
“Other growers include Kuala Lumpur with its 12.8 per cent bump. In Sarawak, the median price is 10.3 per cent higher in the quarter, while Johor has the next-fastest growth rate, at 8.3 per cent.
“Prices moved upwards in all but three of the states. They fell in Melaka and dropped marginally in Selangor, while Perak remained steady,” he said.
On affordable homes, Kashif said homes priced up to RM250,000 accounted for nearly one quarter of purchases.
He said that roughly seven in 10 transactions in 2Q 2026 involved properties priced at RM500,000 or below, with the RM250,001 to RM500,000 segment emerging as the busiest price range.
“As for premium purchases, despite a surge in such transactions in Kuala Lumpur, they remained a modest share of the market, with six per cent of purchases involving properties priced between RM750,001 and RM1 million, while 10 per cent were for properties priced above RM1 million.
“We saw a surprising concentration of high-value subsale transactions in Kuala Lumpur this quarter. Luxury buyers were exceptionally active, snapping up 50 per cent more homes worth RM4,000,000 or above, compared with a year ago,” he added.
-- BERNAMA