Malaysia Q3 2026 Property Market: 108,990 Transactions and What Agents Should Explain
The Valuation and Property Services Department (JPPH) released its Q3 2026 Property Market Report on 13 November 2026: 108,990 transactions worth RM60.31 billion, up 0.7% from Q3 2025. The Malaysian House Price Index rose 0.5% and the average house price was RM507,809. These are national figures, so agents should bring clients back to their own area, property type and budget.
What the report says
Bernama reported on 13 November 2026 that JPPH Director-General Datuk Abdul Razak Yusak, in a statement for the launch of the Q3 report, said the property market grew 0.7% in Q3 2026 compared with Q3 2025, with 108,990 transactions worth RM60.31 billion. Residential made up 61% of all transactions and agricultural property 18.5%. Year on year, the commercial subsector grew 5.3% and development land 5.2%. The Malaysian House Price Index (MHPI) rose 0.5% to 235.4 points, with an average house price of RM507,809 per unit. Homes priced at RM300,000 and below made up more than 50% of residential transactions. The statement also cited Budget 2026 raising government guarantees under the Housing Credit Guarantee Scheme (SJKP) to up to RM20 billion.
What the report does not tell us
The report gives no state, city or property-type breakdown, and no Q3 figure for completed unsold units. It also does not state whether the 0.5% index growth is year on year or quarter on quarter. JPPH expects the market to stay stable but says it remains exposed to external economic changes and affordability constraints. For finer data, check the full report published by NAPIC.
Agent insight: the average price is not your client's budget
This is agent analysis. The average price is RM507,809, yet more than half of residential deals were at RM300,000 and below, so volume sits in the lower price bands and the average is pulled up by higher-priced homes. Do not use a national average to argue that a project is 'cheap' or 'will rise'. Compare recent actual transactions for the same area and property type, then check the buyer's loan eligibility and monthly instalment. For sellers, 0.7% national growth does not justify a higher asking price; pricing still depends on nearby transactions and competing listings.
Three things agents can do now
First, compile recent transactions and active listings for your core areas and show them beside the national figures. Second, for buyers at RM300,000 and below, explain that guarantee schemes such as SJKP have eligibility conditions and bank approval, with no guaranteed outcome. Third, when citing the data in content or ads, state 'JPPH, Q3 2026, national figures' and the release date.
FAQ
Does 0.7% growth mean prices rose 0.7%?
No. The 0.7% is the report's growth in property market transactions against Q3 2025; the house price index rose 0.5%.
What are the figures for Penang or Johor?
This report gives no state figures; check the full NAPIC report.
An agent’s follow-up message
JPPH has just released Q3 2026 data: 108,990 transactions nationwide and an average house price of RM507,809, yet more than half of residential deals were at RM300,000 and below. National figures are not your area. I can compile recent transacted prices and active listings for similar homes in the area you like so you can compare. Shall I prepare it?