How do I check property market value in Malaysia?

Use NewProjek's free property value checker at newprojek.com/property-value-check, or search NAPIC records directly at newprojek.com/property-transaction. Both tools are based on 438,000+ stamped SPA transactions across all 16 states.

Is property market value the same as transaction price?

No. Market value is an estimate of what a property should sell for under normal market conditions. Transaction price is the actual amount a buyer paid, as declared in a stamped SPA. Transaction prices are the primary data source for estimating market value.

What is a fair market value for property in Malaysia?

Based on NAPIC median data, fair market value varies significantly by state and property type. KL condominiums have a median of approximately RM550,000, while terrace houses in Johor are around RM320,000. Use NewProjek's area-specific data for accurate comparisons.

Check Property Market Value Malaysia (2026)

Property market value in Malaysia is determined by comparing recent NAPIC transaction prices for similar properties in the same area. As of 2026, NewProjek provides free market value estimates based on 438,000+ stamped SPA transactions across all 16 states.

438K+

Transactions

States

Free

Estimate

What is Property Market Value?

Property market value is the estimated price at which a property would transact between a willing buyer and a willing seller, both acting with full knowledge and without undue pressure. In Malaysia, licensed valuers use NAPIC transaction data as the primary comparable evidence when preparing formal valuations.

Market value differs from asking price — what a seller lists — and from forced sale value, which is the lower price achieved at a public auction. For buyers and sellers benchmarking a negotiation, recent NAPIC transaction prices for the same scheme or district are the most reliable reference available.

How to Check Property Market Value Malaysia

Step 1: Use the free property value checker

Visit newprojek.com/property-value-check and enter the property type, state, and built-up size. The tool returns a price range estimate derived from NAPIC transaction medians for comparable properties in that area.

Step 2: Search by scheme name for specific data

For scheme-level data, search by name at newprojek.com/property-transaction. This returns the actual transaction prices recorded for that condominium or housing scheme — 438,000+ NAPIC records across all 16 states.

Step 3: Unlock full price history and ROI analysis

For investors or buyers who need a complete picture, the full report (RM69.90) shows all transactions since project launch, PSF trend over time, capital appreciation since launch, and how the scheme compares to its district average — all sourced from NAPIC.

What Affects Property Market Value in Malaysia?

Several factors drive the market value of residential property in Malaysia. Location carries the most weight, but property type, size, and condition also have measurable effects on transaction prices observed in NAPIC data.

Factor	Impact on Value
Location / District	High
Property Type	High
Built-up Size	High
Floor Level	Medium
Renovation	Low–Medium
Year of Completion	Medium
Nearby Amenities	Medium

Market Value vs Transaction Price vs Asking Price

Term	Definition	Source
Market Value	Estimated fair price under normal market conditions	Licensed valuer or NAPIC-based estimate
Transaction Price	Actual amount paid, declared in a stamped SPA	NAPIC / JPPH records
Asking Price	What the seller is listing for — may not reflect market reality	PropertyGuru, iProperty, agent listings

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