Indicator

Malaysian House Price Index (MHPI) 2021

Growth of Malaysia House Price Index MHPI

Malaysian House Price Index (MHPI): Highlights

  • In 2Q 2021, growth of the preliminary Malaysian House Price Index (MHPI) dipped into the negative territory, recording a small contraction of 1.2% (1Q 2021: 0.7%).
    • In the first half of 2021, MHPI growth moderated to -0.3% (2H 2020: 0.7%; 1H 2020: 1.7%).
  • This was driven by the decline in prices across all types of properties during the quarter, except for terraced house, which recorded a small positive growth of 0.9%.
  • By state, the annual decline in MHPI was observed across major states, in particular Kuala Lumpur (-5.2%), Selangor (-1.6%) and Penang (-1.5%).
Growth of Malaysian House Price Index
Source: National Property Information Centre (NAPIC)
MHPI Growth by Selected States
Source: National Property Information Centre (NAPIC)

Note:

  1. Based on historical trends, the final MHPI estimates may be revised upwards to reflect additional data submissions for the quarter.

Related posts

Home Financing by Banking System

HousingWatch

Housing Market Development

HousingWatch

Leave a Comment