Property Price – Actual Numbers since 2010 and property type. Which is up and which is down? – kopiandproperty.com

Property Price – Actual Numbers since 2010 and property type. Which is up and which is down?

No need to think, the number is up BUT… it’s actually down currently yeah. Q on Q, it’s down. It may continue to show another decrease in the next quarter maybe. However, it’s really important to look at the numbers on a longer term and decide if it’s possible to maintain this negative change every quarter if the economy is still moving ahead. It’s different story if the economy is doing very badly yeah.

Not enough jobs mean not enough people with money to buy and for the sellers, they will also be influenced by the negativity and is then willing to sell at a lower price. It happens, definitely. Just not for all properties, not for all locations, not for all types and definitely not the same for all towns and cities too.

So, if you are still aiming for that super popular area and super popular property type, then I quote what my friend used to tell me when the deal is too good to be true. “wait long long lah…” Do look at the numbers below.

Look closely, the Index Point does not say here but it’s from year 2010. So, 225.3 meant that for the past 14-15 years or so, property price on average has more than doubled. I repeat, this is average. So, some properties did not do as well, some did better. Look around and you will know. Do not just listen to anyone, look at properties you know and compare the price!

Look at the Annual Change (%) and you will see that there were no negative numbers yeah. Generally, average transacted prices are rising. Look at the Quarterly Change however and you will see more than a few negative Q on Q yeah. What about looking at the property type then? Maybe some type is better than the other type right? Landed better than high-rise, as people say, right?

NAPIC’s numbers were benchmarked from year 2010 onwards. From the year 2010 until currently, you can see that all property types have increased in price. Detached is not doing as amazing, only rising by 71.8 percent over the past 14-15 years. Maybe it’s already at the peak? Note that if we buy any detached property today, it is likely we will need to spend a lot of money to renovate it. It does not mean the next buyer is willing to pay more for our renovations. Renovations are also not included into the transacted price, so that’s why yeah.

Meanwhile, semi-detached unit has increased but not yet doubled within the past 14-15 years. It has also shown a decrease tooo quarter on quarter. High-rise which has more than doubled is also showing a decrease in transacted price for Q1 2025 too. The only one still showing a positive number is the landed which is cheaper than the semi-detached and yet fulfills the criteria of landed. Since people prefer landed versus high-rise. Right?

All the above numbers are average. You will hardly be able to find that terraced landed home you like at the price of RM471,000 yeah. Very highly unlikely. It is more likely to be landed terrace which are lower priced than RM471,000 in locations which are not as prime or much higher than RM471,000 and location is in some neighborhoods which is part of a township etc. So, just look at the percentage rise or fall as an indicator but the average price is not that accurate. Else, I would have bought another terraced landed if indeed it’s just RM471,000 and it’s something I like…

Hope these explanations help you understand a bit more. Too many people with too many different interests are trying to share things from their perspectives lah. The ones who wants more to read their news would need some sensational title while the ones who want to sell more properties would definitely not want to share bad news lah. Happy reading.

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