The Valuation and Property Services Department under the Ministry of Finance released its Property Market Report for 2024 on Feb 27, 2025 which revealed a historical high of property transaction activities in the country.
The full-year data for the Malaysian property market confirmed the strong market performance as highlighted last month by Rahim & Co in their Annual Publication Release. In 2024, the total volume (number) of property transactions in Malaysia was 420,545 transactions across all property subsectors, signifying a higher growth rate of 5.4% from the previous year. This was the highest in the past decade, and the third highest since the turn of the millennium. The other two higher periods were in 2011 and 2012, during the last Malaysian property market peak where it recorded 430,403 and 427,520 transactions respectively.
