COMPARATIVE ANALYSIS OF MALAYSIAN HOUSE PRICE TRENDS: A STUDY ON PRIMARY AND SECONDARY MARKETS IN KUALA LUMPUR AND SELANGOR

Authors

  • Muhammad Hariz Azlan Department of Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia
  • Ainur Zaireen Zainudin Department of Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia , Centre for Real Estate Studies, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia
  • Fatin Afiqah Md Azmi Department of Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia
  • Nur Berahim Department of Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia
  • Salfarina Samsudin Department of Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia
  • Azizah Ismail Department of Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia
  • Rohaya Abdul Jalil Department of Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, 81310 Johor Bahru, Malaysia
  • Yong Adilah Shamsul Harumain Department of Urban and Regional Planning, Faculty of Built Environment, 50603 Kuala Lumpur, Universiti Malaya, Malaysia

DOI:

https://doi.org/10.22452/

Keywords:

Malaysian House Price Index, Property Market Trends, High-Rise Properties, Terraced Houses, Semi-Detached Houses, Kuala Lumpur, Selangor

Abstract

This study investigates the trends and factors influencing residential property prices in Malaysia from 2019 to 2024, focusing on two primary regions: Kuala Lumpur and Selangor. Analysing data from the Malaysian House Price Index (MHPI) and relevant property market reports, the study contrasts price dynamics across property types and examines the distinctions between primary (developer-driven) and secondary (second-hand) markets. Our findings reveal that economic factors, buyer preferences, and regional variations significantly impact the housing market, with noticeable shifts in high-rise, semi-detached, detached, and terraced home prices. This paper aims to provide a comprehensive understanding of these dynamics to aid policymakers and investors in making informed decisions. This study also reviews key influences from macroeconomic factors, government policies, and buyer preferences as they shape property market trends. Insights from the literature provide a foundation for understanding how these factors interact to affect demand dynamics in the Malaysian context

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Published

2026-08-26

Issue

Vol. 16 No. 1 (2026)

Section

Articles

License

COPYRIGHT. All rights reserved. No part of this journal may be reproduced, copied or transmitted, in any form or by any means, electronic, mechanical, photocopying, and recording or otherwise without proper written permission from the publisher. Any opinion expressed in the articles are those of the authors and do not reflect that of the  Universiti Malaya, 50603 Kuala Lumpur, Malaysia