IQI Report – Subsale Home Prices Climb in Q2 and Will Keep Climbing in  Second Half of 2026  

IQI Report – Subsale Home Prices Climb in Q2 and Will Keep Climbing in  Second Half of 2026  

Kuala Lumpur, 18 August 2026 — Prices in Malaysia’s secondary home (subsale)  market climbed by nearly 3% in the second quarter versus a year earlier and will  continue to rise through the rest of the year, reported IQI today. 

“The national median subsale price is now RM380,000, up from RM370,000 a year ago,”  said Juwai IQI Co-Founder and Group CEO Kashif Ansari. “That’s according to IQI’s Q2  2026 Residential Subsale Market Report, which is based on more than 230,000  transactions since 2018.”  

IQI is the Kuala Lumpur-headquartered global real estate agent network and a  member of the global proptech group, Juwai IQI. 

National Median Subsale Price Rises by 2.7%  

“The median price of a resale home in Malaysia climbed 2.7% over the past year,” said  Mr Ansari. “That makes three consecutive quarters of median price growth and  suggests consistent owner-occupier and investor demand.

 “Of course, this national number obscures the varying performances of the different  states. Prices jumped most in Pulau Pinang, climbing by 17.1% 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% bump. In Sarawak, the median price  is 10.3% higher in the quarter. And Johor has the next fastest growth rate, at 8.3%. 

“Prices moved upwards in all but three of the states we looked at for this report. They  fell in Melaka and dropped marginally in Selangor, while Perak remained steady. 

Most Transactions Are Affordable  

Mr Ansari said, “Homes costing up to RM250,000 accounted for nearly one quarter of  purchases. Roughly seven in ten transactions in Q2 2026 were for properties priced at  RM500,000 or below.  

“The single busiest price segment was the core of the middle market, where most  families buy, with prices ranging from RM250,001 to RM500,000. This means the overwhelming majority of purchases are well within reach of typical household  budgets. 

“Compared to a year ago, the affordability mix is basically unchanged. This suggests  there is plentiful and consistent spply at accessible price points. 

“As for premium purchases, despite a surge of such transactions in Kuala Lumpur, they  remain a modest slice of the market. Just 6% of purchases took place at prices  between RM750,001 and RM1,000,000, and 10% of transactions were for properties  costing more than RM1,000,000. 

 

Luxury Buyers Are Surprisingly Active in Kuala Lumpur  

Mr Ansari said, “We saw a surprising concentration of high-value subsale transactions  in Kuala Lumpur this quarter. Luxury buyers were exceptionally active, snapping up  50% more homes worth RM4,000,000 or above, compared with a year ago.

“The unusually high number of high-priced transactions pulled the average price in  Kuala Lumpur up by 52% to RM1,203,971. This means less than it sounds like, however,  because averages are easily influenced by a relatively small number of high value  transactions. That’s why we also rely on median prices to get a complete picture of  the market. 

We Expect a Strong Second Half of the Year  

Mr Ansari said, “In the second half, we expect transaction volume to increase and  prices to moderately climb as more new supply comes onto the market. Just like in  the second quarter, affordable homes will be the most popular. Luxury property will  continue to account for a fraction, although an important fraction, of the total market. 

“We expect the job market and consumer demand to help maintain economic growth  around 5%. That’s fast enough to support the housing market without being so fast  that Bank Negara will have to lift the Overnight Policy Rate. These stable financing  conditions are one of the pillars that supports the property market. 

“Among states, Johor will continue to outperform. The Johor-Singapore Special  Economic Zone and the fast-approaching launch date of the Johor Bahru-Singapore  Rapid Transit System (RTS) Link are adding extra fuel to the market. They will push up  both transaction volume and prices.“ 

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