Market News: Malaysia House Price Index (MHPI) in Q4 2016

From the statistics released by National Property Information Centre (NAPIC), the Malaysian Housing Price Index (MHPI) had recorded a lower annual growth rate of 5.5% in 2016 compared to previous year.  In Q4 2016, the overall price of the ‘average house’ (for all categories) in Malaysia was recorded at RM337,096 compared to  RM339,592 in Q3 2016, RM330,964 in Q2 2016 and RM323,987 in Q1 2016.

Kuala Lumpur had recorded the highest price at RM778,317, followed by Selangor (RM521,084), Sabah (RM454,120), Sarawak (RM403,668) and Penang (RM388,319). The remaining states had recorded prices lower than the national average with Perlis recorded the lowest at RM153,686.

2015: Q3Q4Q12016: Q2Q3Q4
All House Price (RM)
OverallRM317,768RM319,421RM323,987RM330,964RM339,592RM337,096
Kuala LumpurRM734,769RM739,195RM755,400RM772,591RM789,554RM778,317
SelangorRM479,237RM481,631RM491,580RM507,568RM521,932RM521,084
JohorRM244,656RM247,674RM253,201RM256,386RM264,546RM266,814
PenangRM380,812RM385,430RM385,040RM388,806RM400,994RM388,319
Negeri SembilanRM198,830RM201,524RM201,955RM207,912RM214,965RM216,914
PerakRM185,607RM181,770RM182,789RM186,769RM194,474RM192,656
MelakaRM180,071RM182,548RM184,208RM188,613RM191,521RM191,435
KedahRM165,933RM170,613RM173,642RM177,677RM179,133RM178,893
PahangRM211,562RM213,390RM215,201RM217,320RM220,473RM217,891
TerengganuRM216,794RM218,120RM221,216RM222,704RM226,038RM230,058
KelantanRM171,152RM171,596RM169,008RM169,234RM172,701RM171,876
PerlisRM153,515RM154,375RM155,839RM153,932RM153,772RM153,686
SabahRM460,213RM454,789RM459,411RM454,628RM460,716RM454,120
SarawakRM393,795RM394,316RM395,017RM404,696RM411,652RM403,668
Quarterly Change (%)
Overall0.51.42.22.6-0.7
Kuala Lumpur0.62.22.32.2-1.4
Selangor0.52.13.32.8-0.2
Johor1.22.21.33.20.9
Penang1.2-0.11.03.1-3.2
Negeri Sembilan1.40.22.93.40.9
Perak-2.10.62.24.1-0.9
Melaka1.40.92.41.50.0
Kedah2.81.82.30.8-0.1
Pahang0.90.81.01.5-1.2
Terengganu0.61.40.71.51.8
Kelantan0.3-1.50.12.0-0.5
Perlis0.60.9-1.2-0.1-0.1
Sabah-1.21.0-1.01.3-1.4
Sarawak0.10.22.51.7-1.9
All House Price by State

StateDistrict/Region 2015
Q3
Q42016
Q1
Q2Q3Q4
Kuala LumpurKL Central1RM985,103RM992,192RM996,022RM1,016,812RM48,972RM996,751
KL North2RM521,757RM519,257RM533,127RM552,256RM567,711RM570,401
KL South3RM504,711RM539,865RM562,232RM567,670RM578,304RM579,474
SelangorPetalingRM571,219RM569,880RM583,942RM609,569RM624,910RM624,225
KelangRM268,693RM269,610RM276,197RM285,742RM296,434RM296,015
GombakRM323,730RM325,678RM335,925RM341,791RM356,846RM353,796
Hulu LangatRM343,277RM349,132RM354,848RM363,294RM374,330RM376,029
JohorJohor BahruRM217,637RM221,531RM225,910RM229,545RM237,256RM241,072
Batu PahatRM235,672RM236,195RM241,303RM246,938RM247,584RM250,554
MuarRM232,023RM232,338RM237,867RM242,323RM248,279RM249,254
KeluangRM167,228RM173,666RM180,604RM183,402RM182,465RM179,965
SegamatRM180,554RM183,834RM185,597RM186,775RM192,355RM191,547
PenangPulau Pinang(Island)RM915,021RM898,559RM874,991RM867,836RM893,753RM880,485
Seberang PeraiRM258,918RM269,105RM265,583RM271,144RM278,420RM270,214
Negeri SembilanSerembanRM201,669RM208,253RM209,178RM214,737RM222,252RM225,409
Port DicksonRM157,297RM152,930RM151,108RM159,676RM168,379RM164,454
Tampin & OthersRM131,900RM136,864RM136,021RM136,263RM141,037RM144,167
PerakKinta/IpohRM176,066RM167,594RM170,854RM175,569RM185,512RM183,327
ManjungRM202,173RM199,181RM198,317RM200,991RM205,091RM205,976
Batang PadangRM133,110RM127,633RM129,711RM132,512RM138,770RM138,723
Hilir PerakRM164,561RM164,982RM159,636RM168,814RM171,816RM169,946
Kuala KangsarRM132,316RM131,046RM124,589RM126,079RM136,226RM138,719
MelakaMelaka TengahRM192,563RM196,183RM197,647RM202,380RM205,674RM205,964
Alor Gajah-JasinRM113,847RM118,846RM121,300RM126,798RM123,494RM124,974
KedahKota SetarRM174,255RM175,455RM179,691RM182,585RM183,077RM175,252
Kuala MudaRM112,925RM119,171RM120,935RM122,597RM123,426RM122,982
Kubang PasuRM139,838RM138,266RM134,620RM135,050RM136,039RM132,708
KulimRM135,271RM144,092RM147,739RM152,397RM149,907RM152,827
PahangKuantanRM238,282RM241,747RM241,883RM244,177RM248,723RM247,139
TemerlohRM140,073RM137,818RM139,921RM144,222RM150,181RM146,071
BentongRM200,158RM204,542RM207,166RM206,140RM207,996RM205,033
Jerantut-Lipis-RaubRM151,481RM150,682RM153,476RM154,431RM159,613RM158,914
TerengganuKuala TerengganuRM213,315RM222,894RM224,147RM226,365RM220,991RM221,511
KemamanRM154,734RM153,565RM154,133RM155,453RM161,682RM162,412
KelantanKota BharuRM168,387RM173,090RM165,127RM164,711RM167,297RM166,801
PerlisKangarRM125,682RM126,900RM129,603RM128,189RM126,338RM123,720
SabahKota Kinabalu-PenampRM372,701RM360,979RM363,727RM370,039RM384,817RM384,190
SandakanRM316,380RM318,597RM325,084RM314,986RM317,816RM320,796
TawauRM430,880RM428,489RM429,994RM428,769RM427,270RM430,100
SarawakKuchingRM307,150RM296,829RM299,646RM308,351RM307,347RM295,761
MiriRM301,536RM298,563RM296,805RM301,503RM309,751RM303,857
SibuRM260,750RM262,792RM267,223RM278,888RM289,783RM282,355
Note:
1. Section 1 - 100, Mukim Kuala Lumpur & Mukim Ampang
2. Mukim Batu, Mukim Setapak, & Mukim Ulu Klang
3. Mukim Petaling & Mukim Cheras
Terraced House Price by District/Region

Terraced House 

The national “average terraced house” price decreased by 0.3% from RM303,880 in Q3 2016 to RM302,848 in Q4 2016. Although slipped by 1.1% compared to the previous quarter, Kuala Lumpur still topped the chart at RM807,810. This is followed by Selangor, Penang and Sabah at RM520,522, RM429,217 and RM390,265 respectively. Perlis continued to record the lowest price at RM123,720.

2015: Q3Q42016: Q1Q2Q3Q4
Terraced House Price (RM)
OverallRM283,181RM284,974RM288,591RM295,919RM303,880RM302,848
Kuala LumpurRM756,855RM767,669RM782,662RM801,570RM816,681RM807,810
SelangorRM475,372RM476,836RM488,057RM505,750RM520,860RM520,522
JohorRM215,080RM218,407RM222,932RM226,617RM232,773RM235,521
PenangRM429,863RM433,107RM424,362RM426,610RM438,742RM429,217
Negeri SembilanRM179,522RM183,713RM183,770RM188,851RM196,051RM197,862
PerakRM174,310RM167,633RM169,288RM173,928RM182,421RM180,895
MelakaRM173,456RM177,410RM179,114RM184,033RM185,725RM186,304
KedahRM130,529RM136,130RM138,542RM141,088RM141,066RM139,975
PahangRM202,550RM204,438RM205,648RM207,666RM212,239RM210,211
TerengganuRM171,614RM173,541RM174,307RM175,885RM178,771RM179,441
KelantanRM168,387RM173,090RM165,127RM164,711RM167,297RM166,801
PerlisRM125,682RM126,900RM129,603RM128,189RM126,338RM123,720
SabahRM383,316RM376,086RM378,915RM380,973RM389,417RM390,265
SarawakRM290,723RM285,200RM288,245RM297,684RM301,455RM291,714
Quarterly Change (%)
Overall0.61.32.52.7-0.3
Kuala Lumpur1.42.02.41.9-1.1
Selangor0.32.43.63.0-0.1
Johor1.52.11.72.71.2
Penang0.8-2.00.52.8-2.2
Negeri Sembilan2.30.02.83.80.9
Perak-3.81.02.74.9-0.8
Melaka2.31.02.70.90.3
Kedah4.31.81.80.0-0.8
Pahang0.90.61.02.2-1.0
Terengganu1.10.40.91.60.4
Kelantan2.8-4.6-0.31.6-0.3
Perlis1.02.1-1.1-1.4-2.1
Sabah-1.90.80.52.20.2
Sarawak-1.91.13.31.3-3.2
Terraced House Price by State

Semi-Detached House

In Q4 2016, the ‘average semi-detached house’ price was at RM499,291 decreased by 0.6% from RM502,421 in Q3 2016. The highest price was noted in Kuala Lumpur at RM2.12 million, followed by Selangor at RM1.05 million. The lowest price was recorded in Kelantan at RM261,367.

Compared the previous quarter, the percentage change of house price ranged between -0.6% and 4.7%. Three states recorded increase more than 2.0% were Kelantan (2.2%), Terengganu (3.7%) and Perlis (4.7%).

2015: Q3Q4Q12016: Q2Q3Q4
Semi-Detached House Price(RM)
OverallRM477,104RM481,577RM485,132RM489,726RM502,421RM499,291
Kuala LumpurRM1,931,527RM1,931,047RM1,980,819RM2,044,068RM2,097,119RM2,116,419
SelangorRM1,024,740RM1,038,104RM53,720RM1,033,021RM1,067,694RM1,054,274
JohorRM687,564RM680,425RM702,055RM691,806RM731,103RM741,772
PenangRM493,497RM512,644RM524,848RM520,282RM523,106RM497,618
Negeri SembilanRM290,588RM287,391RM289,920RM300,713RM308,077RM312,269
PerakRM284,253RM293,442RM295,133RM292,797RM300,175RM297,153
MelakaRM343,328RM323,642RM330,983RM330,632RM350,427RM348,406
KedahRM275,565RM277,709RM282,000RM291,749RM298,474RM301,775
PahangRM266,491RM270,599RM272,040RM272,981RM272,229RM267,242
TerengganuRM309,334RM306,050RM316,531RM317,455RM321,803RM333,682
KelantanRM264,014RM252,007RM254,849RM253,096RM255,743RM261,367
PerlisRM314,549RM313,338RM307,633RM302,876RM312,497RM327,065
SabahRM697,706RM701,604RM707,323RM690,830RM704,624RM685,897
SarawakRM486,758RM493,087RM490,119RM502,173RM512,350RM507,704
Quarter Change (%)
Overall0.90.70.92.6-0.6
Kuala Lumpur0.02.63.22.60.9
Selangor1.3-1.00.53.4-1.3
Johor-1.03.2-1.55.71.5
Penang3.92.4-0.90.5-4.9
Negeri Sembilan-1.10.93.72.41.4
Perak3.20.6-0.82.5-1.0
Melaka-5.72.3-0.16.0-0.6
Kedah0.81.53.52.31.1
Pahang1.50.50.3-0.3-1.8
Terengganu-1.13.40.31.43.7
Kelantan-4.51.1-0.71.02.2
Perlis-0.4-1.8-1.53.24.7
Sabah0.60.8-2.32.0-2.7
Sarawak1.3-0.62.52.0-0.9
Semi-Detached House Price by State

Detached House

The average detached house price in the country moved parallel to the house price index. The house price decreased by 2.7% to RM551,410 (Q3 2016: RM566,743). Kuala Lumpur led the list of the highest ‘average detached house’ price at RM3.79 million whilst the lowest price was recorded in Kelantan at RM119,930.

2015: Q3Q4Q12016: Q2Q3Q4
Detached House Price(RM)
OverallRM540,968RM543,733RM550,461RM558,725RM566,743RM551,410
Kuala  Lumpur RM3,772,923RM3,735,281RM3,813,136RM3,870,666RM3,980,260RM3,791,684
Selangor RM728,900RM736,835RM755,998RM772,092RM774,367RM765,968
Johor RM368,771RM374,708RM377,806RM383,990RM397,836RM387,109
PenangRM572,508RM600,495RM592,584RM605,312RM599,495RM566,342
Negeri  Sembilan RM403,276RM395,257RM395,415RM409,861RM415,476RM418,222
Perak RM187,836RM196,123RM190,903RM195,292RM196,409RM193,207
MelakaRM274,991RM283,573RM273,721RM278,480RM283,597RM274,140
Kedah RM338,055RM335,034RM347,757RM347,730RM349,266RM343,877
Pahang RM211,257RM210,648RM216,152RM219,922RM218,746RM215,291
Terengganu RM280,184RM283,300RM287,630RM289,288RM293,176RM301,119
Kelantan RM112,973RM114,571RM117,492RM120,155RM125,684RM119,930
Sabah RM501,776RM493,160RM500,687RM487,658RM472,499RM468,945
Sarawak RM517,295RM523,787RM527,236RM529,478RM539,007RM526,852
Quarterly  Change  (%) 
Overall0.51.21.51.4-2.7
Kuala  Lumpur -1.02.11.52.8-4.7
Selangor 1.12.62.10.3-1.1
Johor 1.60.81.63.6-2.7
Penang4.9-1.32.1-1.0-5.5
Negeri  Sembilan -2.00.03.71.40.7
Perak 4.4-2.72.30.6-1.6
Melaka3.1-3.51.71.8-3.3
Kedah -0.93.80.00.4-1.5
Pahang -0.32.61.7-0.5-1.6
Terengganu 1.11.50.61.32.7
Kelantan 1.42.52.34.6-4.6
Sabah -1.71.5-2.6-3.1-0.8
Sarawak 1.30.70.41.8-2.3
Detached House Price by State

High Rise 

The national average high rise unit price in Q4 2016 was RM321,543. The highest price was observed in Kuala Lumpur at RM422,664 and followed by Penag at RM329,392 and Sabah RM316,800. Negeri Sembilan registered the lowest price at RM86,543.

2015: Q3Q42016: Q1Q2Q3Q4
High-Rise Price(RM)
OverallRM300,823RM303,098RM309,455RM316,497RM326,604RM321,543
Kuala LumpurRM386,942RM390,949RM401,291RM411,440RM419,497RM422,664
SelangorRM244,725RM247,458RM254,129RM263,526RM269,524RM272,008
JohorRM217,116RM224,724RM233,843RM241,563RM248,744RM238,551
PenangRM314,418RM316,342RM320,582RM326,355RM341,155RM329,392
Negeri SembilanRM80,987RM78,816RM84,360RM84,427RM89,043RM86,543
MelakaRM106,750RM105,460RM105,499RM106,747RM111,614RM107,071
SabahRM344,349RM333,224RM340,857RM334,593RM334,715RM316,800
Quarterly Change (%)
Overall0.82.12.33.2-1.5
Kuala Lumpur1.02.62.52.00.8
Selangor1.12.73.72.30.9
Johor3.54.13.33.0-4.1
Penang0.61.31.84.5-3.4
Negeri Sembilan-2.77.00.15.5-2.8
Melaka-1.20.01.24.6-4.1
Sabah-3.22.3-1.80.0-5.4
High-Rise Unit Price by State