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2017
PROPERTY MARKET BRIEF
National Property Information Centre (NAPIC),
Valuation and Property Services Department,
Ministry of Finance Malaysia
Property Market Division
23 March 2018
3
State of Malaysia Economy
Q3 2017: 103.1 points
Q3 2017: 101.5 points Q3 2017: 77.1 points
Q4 2017: 82.6 points
4
State of Malaysia Economy
Purchase of Residential
Year
Loan
Application
(RM Billion)
Loan
Approval
(RM Billion)
% Change
Loan
Application
% Change
Loan
Approval
% of Loan
Approval
over Loan
Application
2007 79.14 48.15 48.3 46.6 60.8
2008 98.31 57.95 24.2 20.4 59.0
2009 130.39 70.48 32.6 21.6 54.1
2010 166.43 84.23 27.6 19.5 50.6
2011 186.79 95.16 12.2 13.0 50.9
2012 193.74 92.83 3.7 -2.4 47.9
2013 245.90 121.00 26.9 30.3 49.2
2014 223.85 121.09 -9.0 0.1 54.1
2015 206.03 103.41 -8.0 -14.6 50.2
2016 208.55 87.57 1.2 -15.3 42.0
2017 239.81 101.52 15.0 15.9 42.3
5
State of Malaysia Economy
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Loan Application 98.31 130.39 166.43 186.79 193.74 245.90 223.85 206.03 208.55 239.81
Loan Approval 57.95 70.48 84.23 95.16 92.83 121.00 121.09 103.41 87.57 101.52
% Change Loan Approval 20.4 21.6 19.5 13.0 -2.4 30.3 0.1 -14.6 -15.3 15.9
% Change Loan Application 24.2 32.6 27.6 12.2 3.7 26.9 -9.0 -8.0 1.2 15.0
-20.0
-10.0
0.0
10.0
20.0
30.0
40.0
0.00
50.00
100.00
150.00
200.00
250.00
300.00
Perc
enta
ge C
han
ge
RM
Bill
ion
Loan Application & Approval for Residential Purchase
6
State of Malaysia Economy
Purchase of Non-Residential
Year
Loan
Application
(RM Billion)
Loan
Approval
(RM Billion)
% Change
Loan
Application
% Change
Loan
Approval
% of Loan
Approval
over Loan
Application
2007 39.13 25.15 64.8 64.9 64.3
2008 46.21 30.66 18.1 21.9 66.4
2009 53.04 26.44 14.8 -13.8 49.9
2010 79.84 39.67 50.5 50.0 49.7
2011 99.32 52.23 24.4 31.7 52.6
2012 98.89 52.77 -0.4 1.0 53.4
2013 119.23 51.36 20.6 -2.7 43.1
2014 103.39 50.94 -13.3 -0.8 49.3
2015 90.98 38.41 -12.0 -24.6 42.2
2016 79.94 32.91 -12.1 -14.3 41.2
2017 86.04 31.12 7.6 -5.4 36.2
7
State of Malaysia Economy
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Loan Application 46.21 53.04 79.84 99.32 98.89 119.23 103.39 90.98 79.94 86.04
Loan Approval 30.66 26.44 39.67 52.23 52.77 51.36 50.94 38.41 32.91 31.12
% Change Loan Approval 21.9 -13.8 50.0 31.7 1.0 -2.7 -0.8 -24.6 -14.3 -5.4
% Change Loan Application 18.1 14.8 50.5 24.4 -0.4 20.6 -13.3 -12.0 -12.1 7.6
-30.0
-20.0
-10.0
0.0
10.0
20.0
30.0
40.0
50.0
60.0
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Perc
enta
ge C
han
ge
RM
Bill
ion
Loan Application & Approval for Non-Residential Purchase
SECTOR 2013 2014 2015 2016 2017
Residential -9.7% 0.4% -4.6% -13.9% -4.1%
Commercial -16.5% 3.6% -10.6% -25.3% -6.7%
Industrial -15.7% -3.8% -13.0% -20.4% 2.1%
Agriculture -12.4% 2.0% -7.5% 3.6% 1.8%
Development Land -6.8% -1.9% -2.4% -7.9% 0.2%
Total -10.9% 0.8% -5.7% -11.5% -2.7%
Malaysia Country Paper 10
Volume Value
SECTOR 2013 2014 2015 2016 2017
Residential 6.3% 13.9% -10.5% -10.7% 4.4%
Commercial 28.0% -10.5% -17.1% 36.1% -29.2%
Industrial 2.7% 17.7% -17.5% 0.4% -3.1%
Agriculture -7.0% -4.2% 2.9% 9.6% -5.9%
Development Land -8.8% 13.5% 15.4% -30.2% 18.8%
Total 6.7% 7.0% -8.0% -3.0% -3.8%
Movements of Volume & Value of Property Transactions by Sector
11
Market Share by Sub-sector
Volume of Transactions by Sub-Sector in 2017 Value of Transactions by Sub-Sector in 2017
Market Share Market Share
12
2009 2010 2011 2012 2013 2014 2015 2016 2017
Residential 197,722 223,270 229,185 248,514 292,661 331,888 311,357 322,925 351,663
Commercial 491,601 599,032 632,784 676,505 1,036,852 896,055 830,801 1,513,691 1,147,872
Industrial 847,914 999,170 1,101,463 1,202,517 1,464,549 1,791,287 1,698,944 2,142,755 2,033,601
Agriculture 120,273 140,373 222,162 176,984 187,890 176,459 196,239 207,692 192,075
Development Land 484,475 613,634 827,986 909,953 891,239 1,031,466 1,220,003 924,592 1,096,641
Total 239,628 285,283 320,230 334,125 399,790 424,346 414,135 453,798 448,457
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Average Value/Transaction by Sub-sector
14
Residential Transaction Volume Change
-60.0%
-50.0%
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%W
PK
L
Pu
traj
aya
Lab
uan
Sela
ngo
r
Joh
or
Pu
lau
Pin
ang
Per
ak
Neg
eri S
emb
ilan
Mel
aka
Ked
ah
Pah
ang
Tere
ngg
anu
Kel
anta
n
Per
lis
Sab
ah
Sara
wak
Residential Transaction Volume Trend by State
% Change 2015
% Change 2016
% Change 2017
15
Volume & Value of Commercial Transaction
Volume Value
2011 2012 2013 2014 2015 2016 2017
Volume 43,674 41,082 34,298 35,528 31,776 23,745 22,162
% Change 9.7% -5.9% -16.5% 3.6% -10.6% -25.3% -6.7%
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
% C
han
ge
Vo
lum
e (U
nit
s)
2011 2012 2013 2014 2015 2016 2017
Value 27,636. 27,792. 35,561. 31,835. 26,399. 35,942. 25,439.
% Change 15.9% 0.6% 28.0% -10.5% -17.1% 36.1% -29.2%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
% C
han
ge
Val
ue
(RM
Mill
ion
)
16
Commercial Transaction Volume Change
-60.0%
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
WP
KL
Pu
traj
aya
Lab
uan
Sela
ngo
r
Joh
or
Pu
lau
Pin
ang
Per
ak
Neg
eri S
emb
ilan
Mel
aka
Ked
ah
Pah
ang
Tere
ngg
anu
Kel
anta
n
Per
lis
Sab
ah
Sara
wak
Commercial Transaction Volume Trend by State
% Change 2015
% Change 2016
% Change 2017
17
Volume & Value of Industrial Transaction
Volume Value
2011 2012 2013 2014 2015 2016 2017
Value 11,542. 12,005. 12,328. 14,509. 11,970. 12,018. 11,642.
% Change 17.4% 4.0% 2.7% 17.7% -17.5% 0.4% -3.1%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
% C
han
ge
Val
ue
(RM
Mill
ion
)
2011 2012 2013 2014 2015 2016 2017
Volume 10,479 9,984 8,418 8,100 7,046 5,609 5,725
% Change 6.5% -4.7% -15.7% -3.8% -13.0% -20.4% 2.1%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
-
2,000
4,000
6,000
8,000
10,000
12,000
% C
han
ge
Vo
lum
e (U
nit
s)
18
Volume & Value of Agriculture Transaction
Volume Value
2011 2012 2013 2014 2015 2016 2017
Value 18,822. 14,278. 13,283. 12,723. 13,090. 14,346. 13,500.
% Change 65.4% -24.1% -7.0% -4.2% 2.9% 9.6% -5.9%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
70%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
% C
han
ge
Val
ue
(RM
Mill
ion
)
2011 2012 2013 2014 2015 2016 2017
Volume 84,726 80,679 70,698 72,104 66,705 69,078 70,290
% Change 4.5% -4.8% -12.4% 2.0% -7.5% 3.6% 1.8%
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
% C
han
ge
Vo
lum
e (U
nit
s)
VOLUME & VALUE OF
PROPERTY TRANSACTIONS IN
MAJOR STATES
1. KUALA LUMPUR2. SELANGOR3. JOHOR4. PULAU PINANG
Transaction Volume By Sub-Sector
2013 2014 2015 2016 2017p
Residential 15,751 15,151 13,899 11,252 10,856
Commercial 4,213 4,776 4,061 3,186 3,238
Development Land 383 410 383 345 297
Industrial 206 253 231 167 115
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Tran
sact
ion
Nu
mb
ers
Kuala Lumpur Market Activity 2017
• Residential sub-sector remained the most dominant sector, capturing 74.8% of the transactions in the property market.
• Followed by Commercial (22.3%), Development Land (2.0%) and Industrial(0.8%) sub-sectors.
Market Share
TOTAL 20,553 20,590 18,574 14,950 14,506
Kuala Lumpur Market Activity 2017
• In term of value, residential sub-sector took the lead with 36.3% share.
• Followed by commercial (31.8%) and development land (30.8%) sub-sectors.
Market Share
2013 2014 2015 2016 2017p
Residential 10,604.34 11,676.97 10,349.57 8,968.33 9,693.23
Commercial 6,533.36 7,466.65 6,596.59 19,986.43 8,467.66
Development Land 2,465.48 4,221.20 6,040.99 4,867.82 8,226.65
Industrial 350.58 410.91 399.98 397.89 278.91
0.00
5,000.00
10,000.00
15,000.00
20,000.00
25,000.00
Val
ue
(RM
/Mill
ion
)
Transaction Value By Sub-Sector
TOTAL 19,953.76 23,775.73 23,387.13 34,220.47 26,666.45
Kuala Lumpur Market Activity 2017
In summary…
SECTOR 2013 2014 2015 2016 2017
Residential -19.3 -3.8 -8.3 -19.0 -3.5
Commercial -12.4 13.4 -15.0 -21.5 1.6
Industrial -4.2 22.8 -8.7 -27.7 -31.1
Development Land -10.7 7.0 -6.6 -9.9 -13.9
Total % Change -17.7 0.2 -9.8 -19.5 -3.0
Sign of turnaround from -19.5% in 2016 to a mere of -3.0% in 2017
Transaction Numbers By Sub-Sector
Selangor Market Activity 2017
2013 2014 2015 2016 2017p
Residential 64,269 60,903 57,827 48,879 47,551
Commercial 7,083 8,409 7,472 5,601 5,154
Industrial 2,681 2,545 2,037 1,638 1,957
Agriculture 5,312 4,975 4,524 4,112 4,160
Development Land 2,681 2,545 2,037 1,638 2,678
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Tran
sact
ion
Nu
mb
ers
• In 2017, residential sub-sector remained the most dominant sector, capturing 77.4% of the transactions in the property market.
• Followed by commercial (8.3%) and agriculture (6.8%) sub-sectors.
Market Share
TOTAL 84,039 81,391 75,912 63,884 61,500
Selangor Market Activity 2017
Transaction Value By Sub-Sector
2013 2014 2015 2016 2017
Residential 26,086.45 26,954.22 24,868.55 21,933.66 22,584.47
Commercial 8,125.52 8,041.43 6,894.38 5,985.41 6,612.06
Industrial 5,951.33 7,637.87 5,589.58 5,891.39 6,168.90
Agricultural 2,097.29 1,839.80 2,245.67 3,229.96 1,152.53
Development 4,255.74 2,990.57 7,555.68 3,664.80 4,016.67
-
5,000.00
10,000.00
15,000.00
20,000.00
25,000.00
30,000.00
Val
ue
(RM
/Mill
ion
)
TOTAL 46,516.33 47,463.90 47,153.87 40,705.22 40,534.63
• In terms of value, residential sub-sector dominated 55.7% of the total.
Market Share
Selangor Market Activity 2017
In summary…
SECTOR 2013 2014 2015 2016 2017
Residential 9.6 -5.2 -5.1 -15.5 -2.6
Commercial -6.8 18.7 -11.1 -25.0 -8.6
Industrial 14.6 -5.1 -20.0 -19.6 19.5
Agriculture 23.7 -6.3 -9.1 -9.1 1.2
Development Land 21.8 4.3 11.9 -10.4 -1.8
Total % Change -9.2 -2.9 -5.9 -15.9 -2.3
Sign of turnaround from -15.9% in 2016 to -2.3% in 2017
Transaction Numbers By Sub-Sector
Johor Market Activity 2017
2013 2014 2015 2016 2017p
Residential 33,651 39,017 31,060 26,186 24,886
Commercial 5,083 5,774 4,507 3,359 3,144
Industrial 1,214 1,255 1,134 730 799
Agricultural 10,048 10,001 9,027 8,294 8,180
Development & Others 2,783 2,500 2,000 1,497 1,630
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Tran
sact
ion
Nu
mb
ers
• Residential sub-sector remained the most dominant sector, capturing 64.1% of the transactions in the property market.
• Followed by Agricultural (21.6%) and Commercial (8.1%) sub-sectors.
Market Share
TOTAL 52,774 58,541 47,725 40,066 38,639
Johor Market Activity 2017Transaction Value By Sub-Sector Between 2013 – 2017p
2013 2014 2015 2016 2017p
Residential 9,282.77 13,737.82 9,283.57 8,577.70 8,643.11
Commercial 11,234.25 6,424.17 3,712.44 2,845.25 3,378.20
Industrial 2,249.85 2,847.45 2,331.12 2,026.78 1,895.63
Agricultural 3,424.13 3,344.05 2,819.57 3,250.85 2,769.69
Development & Others 3,915.85 6,701.39 3,505.18 2,747.10 1,925.19
0.00
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00
16,000.00
Val
ue
(RM
/Mill
ion
)
TOTAL 30,106.84 33,054.88 21,651.87 19,447.68 18,611.82
Market Share
In terms of value, residential sub-sector dominated 46.4% of the total.
Johor Market Activity 2017
In summary…
Sign of turnaround from -16.1% in 2016 to a mere of -3.1%
SECTOR 2013 2014 2015 2016 2017p
Residential 56.1 15.9 -20.4 -15.7 -5.0
Commercial 43.0 13.6 -21.9 -25.5 -6.4
Industrial 28.5 3.4 -9.6 -35.6 9.5
Agricultural -25.5 -0.5 -9.7 -8.1 1.0
Development & Others 26.6 -10.2 -20.0 -25.2 9.0
Total % Change 41.2 10.9 -18.5 -16.1 -3.1
Transaction Numbers By Sub-Sector
Pulau Pinang Market Activity 2017
2013 2014 2015 2016 2017p
Residential 17,700 18,410 15,291 13,244 12,090
Commercial 2,240 2,397 2,140 1,696 1,344
Industrial 549 504 632 443 452
Agriculture 1873 2360 2020 1599 1509
Development & others 1984 1884 1472 1370 1197
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Tran
sact
ion
Nu
mb
ers
2014 2015 2016 2017p
• In 2017, residential sub-sector remained the most dominant sector, capturing 72.9% of the transactions in the property market.
• Followed by agricultural (9.1%) and commercial (8.1%) sub-sectors.
Market Share
TOTAL 24,346 25,555 21,555 18,352 16,592
13,244 12,090
2013
Pulau Pinang Market Activity 2017
Transaction Value By Sub-Sector
2013 2014 2015 2016 2017p
Residential 7,093.06 7,578.95 6,172.97 5,364.58 5,412.86
Commercial 1,802.88 1,738.99 2,069.98 1,192.18 1,049.72
Industrial 804.13 699.66 734.66 908.54 678.17
Agricultural 722.73 996.20 737.67 485.75 1,206.02
Development & Others 3,068.65 2,756.25 1,987.09 1,610.91 2,040.61
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
8,000.00
Val
ue
(R
M/M
illio
n)
TOTAL 13,491.45 13,770.05 11,702.37 9,561.96 10,387.37
2013 2013 2015 2016 2017
5,364.58 5,412.86
• In terms of value, all sub-sectors recorded upward trend with the exception of commercial and industrial sub-sectors, down by 11.9%and 25.4% respectively.
Market Share
Pulau Pinang Market Activity 2017
In summary…
SECTOR 2013 2014 2015 2016 2017
Residential -23.9 4.0 -16.9 -13.4 -8.7
Commercial -20.7 7.0 -10.7 -20.7 -20.8
Industrial -24.2 -8.2 25.4 -29.9 2.0
Agriculture -5.3 26.0 -14.4 -20.8 -5.6
Development
Land -9.5 -4.5 -23.5 -4.5 -12.6
Total % Change -21.4 5.0 -15.7 -14.9 -9.6
The % change of transactions show a sign of turnaround from -14.9% in 2016 to -9.6%.
SUMMARY OFVOLUME & VALUE OF
PROPERTY TRANSACTIONS IN MAJOR STATES
Malaysia Country Paper 32
SUB SECTOR
NUMBER OF TRANSACTION 2017 VALUE OF TRANSACTION 2017 (RM Mil)
KUALA LUMPUR
SELANGOR JOHOR PULAU PINANG
KUALA LUMPUR
SELANGOR JOHOR PULAU PINANG
Residential 10,856 47,551 24,886 12,090 9,693.23 22,584.47 8,643.11 5,412.86
Commercial 3,238 5,154 3,144 1,344 8,467.66 6,612.06 3,378.20 1,049.72
Industrial 115 1,957 799 452 278.91 6,168.90 1,895.63 6,78.17
Agriculture 0 4,160 8,180 1,509 0 1,152.53 2,769.69 1,206.02
Development Land 297 2,678 1,627 1,194 8,226.65 4,016.67 1,920.06 2,039.57
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