Johor Records Highest Home Price Growth in Malaysia Over 15 Years

Malaysian homeowners have witnessed a significant increase in their property values, with the average home value more than doubling since 2010. Johor stands out, recording the highest price growth among all states, with average home prices more than tripling during this period.

According to Kashif Ansari, Co-Founder and Group CEO of Juwai IQI, analysis of 15 years of data from the National Property Information Centre (NAPIC) reveals that the average home price in Johor surged from RM162,136 in 2010 to RM487,128 currently. Nationally, homeowners have added approximately RM290,000 to their net worth solely through property appreciation, as the average national home price rose from RM218,000 to RM508,000 over the same 15 years.

The states with the fastest percentage growth in value since 2010, in order, are Johor, Kedah, Negeri Sembilan, Perak, Kelantan, and Perlis, each seeing home values increase at least 2.4 times. While Kuala Lumpur's percentage increase is lower than Johor's, its market saw the largest absolute gain in ringgit value due to its higher starting prices in 2010. The average price in KL climbed from around RM396,000 to RM827,000, yielding a capital gain of about RM431,000 for owners.

Looking ahead, Ansari anticipates a "great catch-up" trend where states offering affordable housing will narrow the gap with mature areas like Kuala Lumpur. He points to states like Kelantan and Kedah, where markets have surged 49% since 2019, and Perlis, which recorded the fastest annual growth of 7.2% in the past 12 months, as prime opportunities. Melaka and Perak are also expected to benefit from this trend of lower prices and rapid growth. The data strongly suggests that property ownership anywhere in Malaysia remains a sound long-term financial decision.