Property News

KL Property Market Shows Resilience as Prices Rise and Rental Demand Holds

Kuala Lumpur’s property market recorded mixed performance in the first half of 2026, with transaction volume increasing while overall transaction value declined. According to the National Property Information Centre (NAPIC) Property Market Report 1H 2026, Kuala Lumpur recorded 10,772 property transactions worth RM14.90 billion, representing a 4.2% increase in transaction volume but an 8.7% decline in transaction value compared with the same period in 2025.

The residential segment recorded 6,618 transactions valued at RM6.11 billion, up 2.4% in volume and 2.3% in value year-on-year. NAPIC also reported 1,610 new residential units launched in Kuala Lumpur during 1H 2026, of which 334 units were sold, giving an overall sales performance of 20.7%. Meanwhile, the average house price in Kuala Lumpur reached RM825,282 in 2Q 2026P, up from RM803,500 a year earlier, with the Kuala Lumpur House Price Index increasing 2.7% year-on-year.

At the individual location level, NAPIC’s data showed varying price movements across Kuala Lumpur. Double-storey terraces in Damansara Heights/Bukit Damansara recorded an 11.2% increase, while Bandar Baru Sri Petaling and Desa ParkCity South Lake saw increases of 10.5% and 8.7%, respectively. Other locations recording notable increases included Desa Putra Setapak (+8.6%) and Sri Putramas (+8.2%).

Rental data compiled by NAPIC also shows considerable differences between locations and property types. In Bangsar South, serviced apartments recorded monthly rents of around RM3,100 to RM3,200 for an average unit size of 90 sq m, broadly unchanged from the previous period, with a reported gross yield of 5.69%. In KLCC, 1 Persiaran KLCC @ Quadro Residence recorded rents of RM8,000 to RM8,500 per month, up 6.06%, with a gross yield of 4.9%.

Cheras generally showed lower rental levels, although some properties recorded increases. Rumah Pangsa Cheras Ria in Taman Cheras Utama recorded rents of RM650 to RM750 per month, up 7.69%, while Prisma Cheras Condominium recorded RM1,500 to RM1,600 per month. Cheras Heights Condominium, meanwhile, recorded rents of RM1,700 to RM2,200 per month, broadly stable from the previous period.

Overall, the NAPIC Property Market Report 1H 2026 points to a Kuala Lumpur market where transaction activity and residential prices remained relatively firm, while rental levels continued to vary significantly depending on location, property type and market segment.