Dashboard Supply Demand Valuation Risk KL Penang Report
OPR: 2.75% ▼
MARKET TEMPERATURE
GROSS RENTAL YIELD
5.19%
↑ vs 5.10% Q1 2025
Global Property Guide Q1 2026
HIGH-RISE ABSORPTION
18–24m
⚠ 12.9% take-up
NAPIC 2025
MHPI YoY
+0.1%
−1.39% real
Q3 2025 JPPH
NATIONAL AVG PRICE
RM 494,384
+0.1% YoY
Q3 2025 JPPH
SUPPLY PRESSURE
RESIDENTIAL OVERHANG
28,672
↑ +30.5% YoY
Q3 2025 NAPIC
TOTAL OVERHANG (incl. SA)
44,794
incl. serviced apts
Q3 2025 NAPIC
NEW COMPLETIONS
69,303
↑ +25.3% YoY
Q1–Q3 2025
DEVELOPER CONFIDENCE
19%
Optimistic only
REHDA 2H2025
DEMAND MOMENTUM
2024 TRANSACTIONS
420,525
10-Year High
NAPIC 2024
Q3 2025 TRANSACTIONS
108,250
+12.5% value, -3.5% vol
JPPH Q3 2025
LOAN APPROVAL RATE
42.6%
Below pre-COVID
Q3 2024 BNM
OPR
2.75%
Cut Jul 2025
BNM

Yield Spread Monitor

Gross Rental Yield vs OPR

Current spread +2.44% — Positive but compressed vs 2020–2021 peak (+2.95%).

Supply Pipeline Pressure

Months of supply by property type

High-rise takes 22 months to clear vs 6-month benchmark.

Transaction Volume Trend

Overhang Pipeline

Rental Yield by City (Q1 2026)

Cities above OPR = positive carry potential

MHPI Nominal vs Real