Kuala Lumpur, Malaysia
Property prices · 2024 · Asia
Property price trend in Kuala Lumpur (2024–2026)
Property comparison — cities in Malaysia (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Kuala Lumpur |
|---|---|---|---|---|
| Kuala Lumpur | MYR 8,500 | MYR 5,200 | MYR 2,200 | — |
| Penang | MYR 3,200 | MYR 2,100 | MYR 1,300 | -62.4% |
| Johor Bahru | MYR 2,800 | MYR 1,850 | MYR 1,100 | -67.1% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Kuala Lumpur in 2024?
In Kuala Lumpur, the average price per sqm in the city centre is MYR 8,500, and MYR 5,200 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Kuala Lumpur in 2024?
A 1-bedroom apartment in Kuala Lumpur rents for approximately MYR 2,200 per month in 2024. A 3-bedroom apartment costs around MYR 4,200/month.
Is it better to buy or rent in Kuala Lumpur?
Buying and renting are roughly comparable in Kuala Lumpur. The price-to-rent ratio is 16.0x — it would take approximately 16.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.80%.
What are mortgage rates in Malaysia in 2024?
The average mortgage rate in Malaysia is approximately 4.80% as of 2024. With a price-to-rent ratio of 16.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Kuala Lumpur?
The average property price per square metre in Kuala Lumpur city centre is MYR 8,500 in 2024. Outside the centre, expect to pay around MYR 5,200/sqm.