iProperty.com.my has unveiled the top-selling subsale residential properties in Malaysia’s four major states: Kuala Lumpur, Selangor, Penang, and Johor. Between July 2021 and June 2022*, these landed and high-rise projects had the highest number of transactions. These qualities provide important insights into Malaysian consumers’ purchasing preferences during a period of post-pandemic economic recovery. The raw transaction data comes from the Valuation and Property Services Department (JPPH).
Sheldon Fernandez, Country Manager, PropertyGuru Malaysia (PropertyGuru.com.my and iProperty.com.my) said, “It is interesting to note that most of the best-selling properties during this time period bear freehold titles. The property transaction volume in the subsale residential property market was particularly encouraging for Selangor and Johor’s landed properties, with built-up sizes above 1,100 sq ft. In addition, specific best-selling properties in Kuala Lumpur are equipped with excellent facilities in a tranquil and green environment, showing that livability is a factor for homebuyers. Meanwhile, landed homes continue to dominate in Johor.
Looking ahead to 2023, we expect the volume of subsale residential property transactions to increase. Demand for high-rise units costing roughly RM500,000 could continue to rise in Selangor and Penang. Meanwhile, niche high-end projects in Kuala Lumpur and Penang could continue to generate interest. With the recently announced full stamp duty exemptions for first-time homebuyers**, we hope there will be steady movement in subsale market activity as homebuyers take advantage of these financial incentives.”
Best-selling landed properties in Johor — Terrace Houses Above 1,300 sq ft in JB District emerge as a Top Choice
| Project | Property Type | Number of Transaction | Average median price (RM) | Average Median Size (sq ft) |
| Taman Universiti, Skudai | Terrace House | 171 | 308,000 | 1,302 |
| Taman Bukit Indah, Iskandar Puteri (Nusajaya) | Terrace House | 156 | 580,000 | 1,399 |
| Taman Mutiara Rini, Skudai | Terrace House | 111 | 645,000 | 1,606 |
| Taman Setia Indah, Tebrau | Terrace House | 110 | 500,000 | 1,399 |
| Taman Bukit Indah, Iskandar Puteri (Nusajaya) | Terrace House | 99 | 610,000 | 1,765 |
Johor had the highest volume of landed property transactions after Selangor, with four of the top five best-selling landed developments recording more over 100 transactions. Despite the ongoing pandemic, the high volume of purchases indicates that homebuyers are willing to buy homes in mature neighbourhoods with good amenities and connectivity.
Taman Universiti, the top-selling terrace house in Johor Bahru, is located in the mature area of Skudai and borders other established developments. In terms of accessibility, Taman Universiti is easily accessible to the neighbouring locations via major roads and highways.
Taman Bukit Indah, an established township in Iskandar Puteri, is recognised for its intricately constructed environment and lush foliage. Another important feature in enticing property buyers and investors is its strategic location. Another reason for their popularity is its proximity to nature and open parks, which is important for many homeowners who wish to live a healthy and balanced lifestyle.
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*The period of July 2021 to June 2022 was selected for the purpose of this announcement with the most recent date and the complete list of subsale property transactions that has been supplied by JPPH.
**First-time homebuyers can benefit from full stamp duty exemption for houses valued at RM500,000 and below until the end of 2025 and a 75% stamp duty exemption rate for houses valued from RM500,001 to RM1 million until 31 December 2023.
