2025马来西亚房地产市场回顾：交易额2418亿，柔佛房价涨幅全国第一

整体来看，2025年的马来西亚房地产市场依然表现出较强的稳定性。全年房地产交易 416,413宗，总成交额 2418.7亿令吉。尽管成交数量略有下降，但交易金额持续上升，显示市场资金仍在流入房地产领域，投资需求依然存在。

Overall, Malaysia’s real estate market remained relatively stable in 2025. Throughout the year, there were 416,413 property transactions with a total value of RM241.87 billion. Although the number of transactions declined slightly, the total transaction value continued to rise, indicating that capital is still flowing into the real estate sector and investment demand remains present.

从州属分布来看，雪兰莪州依然是住宅交易最活跃的地区，全年住宅交易 52,998宗，占全国住宅交易量 20.7%；柔佛州紧随其后，占比 16.6%。

From a state-level perspective, Selangor remained the most active residential market, recording 52,998 residential transactions during the year, representing 20.7% of national residential transactions. Johor followed closely with a share of 16.6%.

如果将吉隆坡、雪兰莪、柔佛和槟城四个主要州属合计来看，这四个区域贡献了超过一半的住宅交易量，继续成为全国房地产市场最活跃的核心区域。

If we combine the four major states — Kuala Lumpur, Selangor, Johor, and Penang — these regions together contributed more than half of the country’s residential transactions, continuing to serve as the most active core areas of Malaysia’s real estate market.

除了住宅市场之外，工业地产成为2025年增长最亮眼的板块之一，成交额同比增长 21.3%。商业地产市场则保持稳定，成交额增长 1.1%。

Beyond residential properties, industrial real estate emerged as one of the most notable growth sectors in 2025, with transaction value increasing 21.3% year-on-year. The commercial property market remained stable, with transaction value rising 1.1%.

整体来看，虽然交易数量略有回落，但交易金额持续增长，反映出房地产市场需求依然稳定，投资者对优质资产的信心仍然存在。

Overall, although the number of transactions declined slightly, the continuous increase in transaction value reflects stable demand in the real estate market and sustained investor confidence in quality assets.

房价继续上涨，但增长明显放缓

Housing Prices Continue to Rise, but Growth Has Clearly Slowed

从价格走势来看，2025年马来西亚房价依然保持上涨，但增长速度明显放缓。数据显示，2025年马来西亚房价指数（MHPI）达到 233.1点，相比2024年的 227.3点，全年上涨 2.6%。与2024年 4.1% 的涨幅相比，市场升温速度已经明显减弱。

In terms of price trends, housing prices in Malaysia continued to rise in 2025, but the growth rate slowed significantly. Data shows that the Malaysia House Price Index (MHPI) reached 233.1 points in 2025, compared with 227.3 points in 2024, representing an annual increase of 2.6%. Compared with the 4.1% increase in 2024, the pace of market appreciation has clearly moderated.

如果从更长周期来看，房价依然保持上行趋势。以2010年为基准，当时房价指数为 100点，全国平均房价约 RM217,857。而到2025年，全国平均房价已经上升至 RM502,922，意味着过去十多年房价整体实现了明显增长。

Looking at a longer time horizon, housing prices have maintained an upward trend. Using 2010 as the base year, the house price index stood at 100 points, and the national average house price was approximately RM217,857. By 2025, the national average house price had risen to RM502,922, indicating substantial growth over the past decade.

值得注意的是，2025年房价涨幅呈现出逐季回落的趋势。在2024年第四季度，房价涨幅曾达到 4.4% 的阶段性高点；而进入2025年后，涨幅逐步回落，从第一季度的 3.5% 降至第四季度的 1.5%。

Notably, the growth rate of housing prices showed a quarterly decline in 2025. In the fourth quarter of 2024, price growth reached a peak of 4.4%. However, in 2025 the rate gradually declined, falling from 3.5% in the first quarter to 1.5% in the fourth quarter.

2025年7月，马来西亚国家银行将隔夜政策利率（OPR）从 3.0% 下调至 2.75%，同时政府推出购房激励措施，这些政策在一定程度上改善了购房者的融资环境。不过，从整体来看，房地产市场仍进入更加温和的发展阶段。

In July 2025, Bank Negara Malaysia reduced the Overnight Policy Rate (OPR) from 3.0% to 2.75%, and the government introduced housing incentive measures, which somewhat improved financing conditions for buyers. However, overall, the real estate market has entered a more moderate phase of development.

可以说，2025年的市场状态是一种典型的 “房价仍在上涨，但增长趋于理性” 的周期特征。

In essence, the market condition in 2025 reflects a typical cycle where “housing prices are still rising, but growth is becoming more rational.”

柔佛房价涨幅全国第一

Johor Records the Highest Housing Price Growth Nationwide

从区域表现来看，2025年各州房价普遍保持上涨，但不同地区之间的表现差异明显。

From a regional perspective, housing prices increased in most states in 2025, although performance varied significantly between regions.

其中，柔佛州（Johor）成为全国房价涨幅最高的州属，全年上涨 6.9%，在主要房地产市场中表现最为突出。槟城（Penang）位居第二，房价上涨 2.7%。而核心城市 吉隆坡（Kuala Lumpur）雪兰莪（Selangor） 的涨幅则相对温和，分别为 1.2% 和 1.1%。

Among them, Johor recorded the highest housing price growth in the country, rising 6.9% for the year, making it the strongest performer among major property markets. Penang ranked second with a 2.7% increase. Meanwhile, traditional core markets such as Kuala Lumpur and Selangor saw relatively moderate growth, at 1.2% and 1.1% respectively.

从全国范围来看，2025年所有州属房价基本都实现正增长，涨幅大致在 0.8%至6.9% 之间。这说明马来西亚房地产市场并没有出现明显的区域性下跌，而是呈现出整体温和上升、不同州属表现分化的结构性特征。

Across the country, housing prices in all states generally recorded positive growth in 2025, ranging roughly from 0.8% to 6.9%. This indicates that Malaysia’s property market did not experience widespread regional declines; instead, it showed moderate nationwide growth with structural differences between states.

柔佛房地产市场的强劲表现，与当地经济活动和产业发展密切相关，同时也与近年来该州在投资市场中的关注度不断提升有关。

Johor’s strong performance is closely linked to its economic activity and industrial development, as well as the increasing attention it has received from investors in recent years.

全国平均房价首次突破50万令吉

National Average House Price Surpasses RM500,000 for the First Time

随着房价持续上涨，2025年马来西亚全国平均房价 首次突破50万令吉，达到 RM502,922。相比2024年的 RM490,313，整体房价继续保持温和增长。

With housing prices continuing to rise, Malaysia’s national average house price surpassed RM500,000 for the first time in 2025, reaching RM502,922. Compared with RM490,313 in 2024, prices maintained moderate growth.

从主要地区来看，吉隆坡仍然是全国房价最高的城市，平均房价达到 RM819,848。作为马来西亚的首都和金融中心，吉隆坡长期吸引跨国企业、外籍人才以及国际学生，因此房地产市场始终保持较强的居住和租赁需求。

Among major regions, Kuala Lumpur remains the most expensive housing market in the country, with an average price of RM819,848. As Malaysia’s capital and financial hub, Kuala Lumpur continues to attract multinational corporations, expatriates, and international students, sustaining strong residential and rental demand.

除了吉隆坡之外，雪兰莪州平均房价为 RM567,505。东马地区房价同样处于较高水平：砂拉越：RM559,437沙巴：RM537,799。

Outside Kuala Lumpur, the average house price in Selangor reached RM567,505. In East Malaysia, housing prices also remain relatively high: Sarawak: RM559,437；Sabah: RM537,799.

与此同时，一些传统房价较低的州属也开始突破新的价格区间。例如 马六甲（Melaka） 平均房价达到 RM251,231，玻璃市（Perlis） 达到 RM253,129，两地均首次超过 RM250,000。这也反映出马来西亚房地产市场正在整体抬升。

At the same time, some traditionally lower-priced states have begun to break into new price ranges. For example, Melaka reached an average house price of RM251,231, while Perlis reached RM253,129, both exceeding RM250,000 for the first time. This reflects the overall upward movement of Malaysia’s property market.

排屋成为涨幅最高的住宅类型

Terrace Houses Record the Fastest Price Growth

从住宅类型来看，2025年不同房型的价格走势也出现明显差异。其中，排屋（Terrace House） 成为涨幅最高的住宅类型，全年上涨 3.3%，同时也是推动房价指数上升的重要因素之一。

In terms of housing types, price trends varied significantly across different categories in 2025. Among them, terrace houses recorded the highest price growth, rising 3.3%, and became one of the main contributors to the increase in the house price index.

其次是 半独立式住宅（Semi-Detached House），价格上涨 2.8%；独立式住宅（Detached House） 上涨 2.4%。这类低密度住宅通常属于中高端产品，虽然价格基数较高，但市场需求仍然保持稳定。

This was followed by semi-detached houses, which increased 2.8%, and detached houses, which rose 2.4%. These low-density homes typically belong to the mid-to-high-end segment, and despite their higher base prices, demand remains stable.

相比之下，高层住宅（High-rise Units） 的整体涨幅明显放缓，2025年仅上涨 0.6%。不过，这一趋势在不同城市之间存在差异。例如在吉隆坡核心区域，高层住宅仍上涨 3.7%。由于土地资源有限以及人口密度较高，高层公寓依然是城市住宅供应的主要形式，同时也是租赁市场最活跃的房地产产品。

In contrast, high-rise residential units saw a noticeable slowdown in price growth, rising only 0.6% in 2025. However, this trend varies between cities. In central Kuala Lumpur, high-rise units still recorded a 3.7% increase. Due to limited land resources and higher population density, high-rise condominiums remain the primary form of housing supply in major cities and continue to be the most active segment in the rental market.

总体来看，2025年的住宅市场呈现出明显的结构变化：低密度住宅需求持续强劲，而高层公寓的增长更多集中在核心城市。

Overall, the residential market in 2025 shows clear structural changes: demand for low-density housing remains strong, while growth in high-rise apartments is increasingly concentrated in core urban areas.

2025年的马来西亚房地产市场意味着什么？

What Does the 2025 Malaysian Property Market Mean?

在这样的市场环境下，不同地区和不同房型之间的表现开始出现明显差异。一些区域市场仍保持较快增长，而像吉隆坡这样的成熟核心城市，则更多体现为需求稳定、流动性强的特点。

In this environment, differences between regions and property types are becoming more evident. Some regional markets continue to grow relatively quickly, while mature core cities such as Kuala Lumpur are characterized more by stable demand and strong liquidity.

总体而言，2025年的马来西亚房地产市场并没有出现剧烈波动，而是在稳定的交易规模基础上逐渐回归理性。

Overall, Malaysia’s property market in 2025 did not experience major volatility. Instead, it gradually returned to a more rational stage while maintaining stable transaction activity.