Malaysia Property Price Index (MHPI) — 2026

Tracking the Malaysia House Price Index quarterly. The official measure of residential property price movements across all states.

Latest MHPI

RM494,384

Q3 2025

QoQ Change

+0.3%

vs Q2 2025

YoY Change

+0.7%

vs Q3 2024

What is the MHPI?
The Malaysia House Price Index (MHPI) is published quarterly by NAPIC and measures the average transacted price of residential properties across Malaysia. It covers all property types — terraced, semi-D, bungalow, condominium and flat — and is the official benchmark used by BNM, economists and property analysts to track market movements.

Malaysia House Price Index 2021–2025

RM494kRM451kRM407k
Q1 '21Q1 '22Q1 '23Q1 '24Q1 '25Q3 '25

Latest: Q3 2025 — RM494,384 (+0.7% YoY)

MHPI Quarterly Data

Source: NAPIC. Q4 2025 data pending official release.

QuarterMHPI (RM)QoQYoY
Q3 2025RM494,384+0.3%+0.7%
Q2 2025RM492,800+0.3%+1.8%
Q1 2025RM491,200-0.4%+2.7%
Q4 2024RM493,100+0.5%+4.6%
Q3 2024RM490,800+1.4%+6.2%
Q2 2024RM484,100+1.2%+7.7%
Q1 2024RM478,200+1.4%+8.5%
Q4 2023RM471,500+2.0%+8.4%
Q3 2023RM462,100+2.8%+7.8%
Q2 2023RM449,600+2.0%+6.3%
Q1 2023RM440,800+1.3%+5.3%
Q4 2022RM435,200+1.5%+5.2%
Q3 2022RM428,900+1.4%+4.3%
Q2 2022RM423,100+1.1%+3.3%
Q1 2022RM418,500+1.1%+2.8%
Q4 2021RM413,800+0.6%—
Q3 2021RM411,200+0.4%—
Q2 2021RM409,500+0.6%—
Q1 2021RM407,000——

What the MHPI Means for You

🏠

For Buyers

Flat MHPI growth = more negotiating power. Sellers are less likely to hold firm on asking prices when the index shows minimal appreciation.

💰

For Sellers

Benchmark your asking price against MHPI trends. Overpricing in a flat market means your property sits unsold longer.

📈

For Investors

Compare MHPI growth (+0.7% YoY) vs FD rates (3.5%/yr) vs REITs. Property returns are currently underperforming fixed deposits on price alone — but rental yield adds 4–5%.

Frequently Asked Questions

What is the Malaysia House Price Index (MHPI)?
The MHPI is an official index published quarterly by NAPIC (National Property Information Centre) that tracks the average transacted price of residential properties across Malaysia. It covers all types — terraced, semi-D, bungalow, condo and flat — and is used by BNM, economists and analysts as the benchmark for market movements.
Who publishes the Malaysia House Price Index?
NAPIC, a division under JPPH (Jabatan Penilaian dan Perkhidmatan Harta), publishes the MHPI quarterly. JPPH falls under the Ministry of Finance. The data is based on actual stamp duty records, making it the most authoritative price data source in Malaysia.
What is the current Malaysia House Price Index in 2026?
As of Q3 2025 (latest available NAPIC data), the MHPI stands at RM494,384. This represents a +0.3% quarter-on-quarter increase and +0.7% year-on-year growth — indicating a market that is stable but growing slowly.
How often is the MHPI updated?
The MHPI is updated quarterly by NAPIC. Reports are typically published 2–3 months after the quarter ends. For example, Q3 2025 data was published in early 2026. NewProjek updates this tracker as soon as new NAPIC data is available.
Is Malaysia property price index rising or falling?
The MHPI rose strongly in 2022–2023 (peaking at +8.4% YoY in Q4 2023) but has since normalised. As of Q3 2025, YoY growth is just +0.7% — near flat. The market is stable, not declining, but price appreciation has slowed significantly from the 2023 peak.

Indeks Harga Rumah Malaysia — Ringkasan

Indeks Harga Rumah Malaysia (MHPI) kini berada pada RM494,384 (S3 2025) — naik +0.7% tahun ke tahun. Pertumbuhan harga telah perlahan dengan ketara dari kemuncak +8.4% pada S4 2023.

MHPI diterbitkan setiap suku tahun oleh NAPIC dan merupakan penanda aras rasmi yang digunakan oleh Bank Negara, ahli ekonomi, dan penganalisis hartanah untuk mengesan pergerakan pasaran.

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