Malaysia Real Estate Market (2023-2029) | Share, Size, Forecast, Trends, COVID-19 IMPACT, Growth, Companies, Value, Industry, Revenue & Analysis

Topics Covered in the Malaysia Real Estate Market Report

The Malaysia Real Estate Market report thoroughly covers the market by property, by type and competitive landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Real Estate Market Synopsis

The Malaysia real estate industry is characterized by varying conditions in different regions, with urban areas such as Kuala Lumpur and Penang experiencing high demand for residential and commercial properties, driven by factors like urbanization, employment opportunities, and investment potential. In contrast, some other regions faced oversupply issues, particularly in the residential sector, which had led to softer price growth. Government initiatives, like the Home Ownership Campaign (HOC), aimed to stimulate the market by providing incentives for property buyers. Additionally, there was a growing interest in sustainable and eco-friendly developments as environmental awareness increased. Additionally, there has been a notable shift towards sustainable and eco-friendly developments, with buyers showing increased interest in green features, energy efficiency, and eco-conscious design. Furthermore, there has been a growing preference for integrated developments that offer a mix of residential, retail, and recreational spaces, creating a holistic living experience. Lastly, affordability remains a significant concern, leading to government initiatives to encourage home ownership, including affordable housing schemes and incentives for first-time buyers.

According to 6Wresearch, Malaysia Real Estate Market Size is estimated at USD 34.56 billion and is expected to reach USD 47.64 billion, growing at a CAGR of 6.69% during the forecast period 2023-2029.  The growth of the Malaysia Real Estate Market has been influenced by several key drivers. Firstly, rapid urbanization and population growth, particularly in major cities like Kuala Lumpur and Penang, have fueled demand for both residential and commercial properties. Secondly, government policies and initiatives, such as the Home Ownership Campaign (HOC) and incentives for foreign investors, have aimed to stimulate the market by making property ownership more accessible and attractive. Additionally, the development of infrastructure projects, such as the Mass Rapid Transit (MRT) and transportation improvements, has enhanced the desirability of certain areas, increasing property values. The rise of digital platforms and technology has also streamlined property transactions and market information accessibility. Finally, Malaysia's attractiveness as a destination for foreign investors and retirees has driven demand for real estate, further contributing to market growth. These drivers collectively underpin the expansion and dynamism of the Malaysia Real Estate Market.

Malaysia Real Estate Market Highlights

Report Name	Malaysia Real Estate Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	6.69%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Property,  By Type
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

COVID-19 Impact on Malaysia Real Estate Market

The COVID-19 pandemic had a significant impact on the Malaysia Real Estate Market revenues. Initially, there was a slowdown in property transactions and construction activities due to lockdowns, movement restrictions, and economic uncertainties. Many potential buyers and investors adopted a cautious approach, leading to a temporary dip in market activity. However, as the pandemic persisted, there was a notable shift in property preferences, with increased demand for larger homes, properties with home office spaces, and those located in less densely populated areas, reflecting changing lifestyle needs influenced by remote work. Additionally, the adoption of digital tools and virtual tours for property viewing became more widespread. Government initiatives such as the Home Ownership Campaign (HOC) and stamp duty exemptions were introduced to stimulate the market.

Key Players in the Malaysia Real Estate Market

The Malaysia Real Estate Market features a diverse array of key players, including property developers, real estate agencies, financial institutions, and government bodies. Prominent property developers such as Sime Darby Property, Mah Sing Group, and UEM Sunrise play a vital role in shaping the landscape with their residential, commercial, and mixed-use developments. Real estate agencies like Rahim & Co International and Knight Frank Malaysia provide brokerage and consultancy services, facilitating property transactions. Financial institutions such as Maybank and CIMB offer financing solutions, including mortgages, while government bodies like the Ministry of Housing and Local Government oversee policy development and regulatory frameworks in the real estate sector. The Malaysia Property Expo (MAPEX) is a significant industry event where various players showcase their properties and services to a wide audience, contributing to market vibrancy. These key players collectively constitute the majority of the Malaysia Real Estate Market share, influencing its dynamics and trends.

Market by Property

According to Ravi Bhandari, Research Head, 6Wresearch, the Malaysia Real Estate Market encompasses a broad spectrum of property categories catering to diverse needs and preferences. Residential properties are among the most sought-after, including condominiums, landed houses (terraced, semi-detached, and detached), and apartments, catering to both urban and suburban lifestyles. The commercial property sector includes office spaces, retail outlets, and industrial properties, with major urban centers like Kuala Lumpur serving as key hubs for office and retail spaces. Malaysia's tourism industry fuels the demand for hospitality properties such as hotels and resorts in tourist destinations. Additionally, the market features specialized properties like healthcare facilities, educational institutions, and mixed-use developments that combine residential, commercial, and recreational spaces. Further, Malaysia also holds significant share of the overall Asia Pacific real estate market. The real estate market's versatility reflects the country's dynamic economic growth, diverse population, and evolving consumer needs, offering a wide range of property categories to investors and buyers.

Market by Type

The market is categorized into sales, rental and lease. The Real estate services are provided by a network of professionals and agencies, offering property valuation, brokerage, consultancy, property management, and legal services in the country. Financial institutions offer mortgage and financing solutions, while developers and construction firms are responsible for creating and maintaining properties. Additionally, government bodies oversee regulatory frameworks and policies, ensuring compliance and property-related regulations.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Real Estate Market Outlook
• Market Size of Malaysia Real Estate Market, 2022
• Forecast of Malaysia Real Estate Market, 2029
• Historical Data and Forecast of Malaysia Real Estate Revenues & Volume for the Period 2019 - 2029
• Malaysia Real Estate Market Trend Evolution
• Malaysia Real Estate Market Drivers and Challenges
• Malaysia Real Estate Price Trends
• Malaysia Real Estate Porter's Five Forces
• Malaysia Real Estate Industry Life Cycle
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Property for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Residential for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Commercial for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Land for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Sales for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Rental for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Real Estate Market Revenues & Volume By Lease for the Period 2019 - 2029
• Malaysia Real Estate Import Export Trade Statistics
• Market Opportunity Assessment By Property
• Market Opportunity Assessment By Type
• Malaysia Real Estate Top Companies Market Share
• Malaysia Real Estate Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Real Estate Company Profiles
• Malaysia Real Estate Key Strategic Recommendations

Markets Covered

The Malaysia Real Estate Market report provides a detailed analysis of the following market segments:

By Property

• Residential
• Commercial
• Industrial
• Land
• Others

By Type

• Sales
• Rental
• Lease