Malaysia’s property market in Q1 2025 saw a decline, with 97,772 transactions worth RM51.42 billion, down 6.2% in volume and 8.9unless specified otherwise, down 6.2% in volume and 8.9% in value compared to Q1 2024. The residential sector led with over 59,000 transactions valued at RM24 billion. Industrial transactions grew slightly by 0.3%, while agriculture and commerciasl sectors fell by 10.6% and 5.4%, respectively. Construction surged, with 28,344 properties started, up from 21,391, and serviced apartment starts doubled to 14,761 units. New residential launches rose to 12,498 units. The House Price Index increased 0.9% to 225.3 points, with average prices at RM486,070. Residential overhang grew to 23,515 units, but serviced apartment overhang dropped 6.7%. Initiatives like the Forest City financial zone reduced Johor’s serviced apartment overhang to 5.6%.
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