Due to the rapidly evolving real estate market, the land price in Malaysia vary considerably, reflecting the unique characteristics of each state and city. Understanding the factors driving land prices, knowing where to find the most affordable options, and identifying the most expensive areas are crucial in making an informed investment decision. In this article, we’ll explore the average land price across different regions in Malaysia, discuss the trends influencing these prices, and provide insights into what you need to know before purchasing land there.
How much is land in Malaysia?
The average price of land per square meter is approximately RM 384.40 ($80.72). However, land prices in Malaysia vary by city and region, showcasing the diversity of real estate markets in Malaysia. These variations are influenced by factors such as urbanization, development potential, and regional economic activity. For instance, the average price per square meter for land in Kuala Lumpur, Selangor, Pahang, Negeri Sembilan, and Johor shows significant variability, with prices ranging from RM 46 ($9.66) in Pahang to RM 1,353 ($284) in Kuala Lumpur.
The land market in Malaysia has been relatively stable over the past year. Unlike Malaysian house prices, the land prices in most regions, including Kuala Lumpur, Johor, Pahang, and Negeri Sembilan, have shown no price change. This suggests land values have reached a plateau, indicating a mature market. The only exception is Selangor, where there has been a modest 0.1% increase in prices, possibly driven by ongoing development and demand in this populous and economically active state.
Kuala Lumpur land price
In 2024, the average price for land in Kuala Lumpur is RM 952,756 ($200,079), showing no change in the last year, indicating stability in the lot price. The median price per square meter of land in Kuala Lumpur is RM 1,353 ($284), making the price for 1 acre of land RM 5.48 million ($1.15 million).
Selangor land price
The average land price in Selangor is RM 1.2 million ($252,816), which has increased by 0.1% over the last year. The median list price per square meter for land in Selangor is RM 224 ($47.04) per sqm. Therefore, the price for 1 acre of land is RM 906,489.92 ($190,363). The most recent data indicates that the median rent price for land in Selangor is RM 8,714 ($1,830).
Pahang land price
Pahang is known for its districts Bentong and Jerantut. The average price of land in Pahang is RM 1.25 million ($262,900), with a median price of RM 46 ($9.66) per square meter. In 2024, the cost of 1 acre of land in Pahang, Malaysia, is RM 186,156.56 ($39,093). The latest data indicates no change in land prices over the past year.
Negeri Sembilan land price
The current land price in Negeri Sembilan, home to Seremban, is RM 805,771 ($169,212). The land price in Malaysia’s Negeri Sembilan has remained stable with no change over the last year. The average price per square meter of land in Negeri Sembilan is RM 203 ($42.63). This means the price for 1 acre of land in Negeri Sembilan is RM 821,505.58 ($172,516).
Johor land price
The median price for land in Johor is RM 1.95 million ($409,566). In Johor, you can find several cities and places, such as Johor Bahru, Kota Tinggi, and Pontian. The median land price in Malaysia’s Johor has remained stable, with a 0.0% change over the last year. The median list price per square meter for land in Johor is RM 96 ($20.16) per sqm, which means that the price for 1 acre of land is RM 388,501.76 ($81,585).
Frequently Asked Questions (FAQs)
Why is land so expensive in Malaysia?
Land is expensive in Malaysia due to factors such as high demand in urban areas, limited availability of prime land, rapid development, and economic growth, particularly in cities like Kuala Lumpur and Selangor. Additionally, certain areas’ infrastructure development and strategic location drive up land prices in Malaysia.
How to know the land price in Malaysia?
To know the land price in Malaysia, you can consult real estate websites, engage with local property agents, or refer to government resources like the National Property Information Centre (NAPIC) for official data. Additionally, some online platforms provide updated listings and market analysis to help you understand current land prices in Malaysia.
Can foreigners buy land in Malaysia?
Yes, foreigners can buy land in Malaysia, but certain restrictions exist. Typically, foreigners can only purchase properties above a minimum price threshold set by each state, and they are generally not allowed to buy Malay Reserve Land or properties designated for Bumiputera ownership.
What is the average price of land in Kuala Lumpur?
The average price of land in Kuala Lumpur is around RM 952,756 ($200,079), with a median price of RM 1,353 ($284) per square meter. This makes the cost of 1 acre of land approximately RM 5.48 million ($1.15 million).
Which state in Malaysia has the cheapest land?
Pahang is the state in Malaysia with the cheapest land, where the average price is RM 1.25 million ($262,900), and the median price per square meter is RM 46 ($9.66), making the price for 1 acre of land around RM 186,156.56 ($39,093).
What is the most expensive city in Malaysia to buy land in?
Kuala Lumpur is the most expensive city to buy land in Malaysia, with an average price per square meter of RM 1,353 ($284), leading to a price of RM 5.48 million ($1.15 million) for 1 acre of land.
