This is what type of home you can buy for RM500,000 in Malaysia

This is what type of home you can buy for RM500,000 in Malaysia

RM500,000 sounds like a huge amount, but in property terms, it may not be enough to get you the home you want, depending where you live in Malaysia.

According to this article, house prices in cities including Kuala Lumpur, Johor Bahru and Penang have been rising ahead of the growth in wages. On average, salaries in Malaysia have risen 3.66% over 5 years. But, house prices rose faster at 7.88% over the same five years.

Similar research by Rahim & Co International Sdn Bhd shows that the average Malaysian would need to spend 5.3 years of their salary to afford an average house in Malaysia. But that number varies across different states.

For example, an average house in Johor requires 3.9 years of salary; Selangor needs 5.2 years; KL at 6.8 years; and Penang at 6.9 years.

This income-to-property-price gap is not as high compared to cities like Hong Kong, where the apartment can cost 18.1 times the average salary.

 

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Will property prices get lower? Maybe not

Many people expected property prices to decrease due to the switch from GST to SST, because under SST, many construction materials are now tax-exempt, according to EdgeProp.

But, construction materials are only a small part of the overall property price. Factors such as market sentiment, location, facilities and developer brand can play a much larger role.

To understand what RM500,000 can buy you in terms or property across different Malaysian cities, we combed through various property listing websites. For example, in central KL, RM500,000 may only get you a 450 sq ft studio, while the same amount may get a large 4-bedroom house in Ipoh.

Here are some examples of properties you can get for RM500,000 across Malaysia:

 

Klang Valley

450sq ft studio unit @ Chambers Residence, Jalan Putra [2km from KLCC]

Type: studio

Price: RM429,000

Completion: 2022

RM500k properties in Malaysia
Conceptual aerial view. Source
RM500k properties in Malaysia
Studio 3D concept. Source

 

548 sq ft apartment @ Nadayu 63, Melawati [9km from KLCC]

Type: 1 bedroom, 1 bathroom

Price: RM448,000

Completion: 2019

RM500k properties in Malaysia
Artist impression: Source
RM500k properties in Malaysia
Source

 

452 sq ft studio @ Highpark Suites, Kelana Jaya [14km from KLCC]

Type: 1 bedroom, 1 bathroom

Price: RM420,000

Completion: 2019

RM500k properties in Malaysia
Source: gamudaland.com.my
RM500k properties in Malaysia
Source: gamudaland.com.my
RM500k properties in Malaysia
Source: gamudaland.com.my

 

850 sq ft serviced residence @ M Centura, Jalan Sentul [6km from KLCC]

Type: 3 beds, 2 baths

Price: RM450,000Β Source

Completion: End 2021

RM500k properties in Malaysia
Artist impression. Source
RM500k properties in Malaysia
View of dining area and living room from main entrance. Source
RM500k properties in Malaysia
Master bedroom. Source

 

807 sq ft condominium @ Emerald Hills, Alam Damai, Cheras [11km from KLCC]

Type: Type C, 2 bedroom, 2 bathroom

Price: RM500,000

Completion: 2021

RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source

 

1197 sq ft terrace/superlink house @ Alam Perdana, Bandar Puncak Alam, Kuala Selangor [30km from KLCC]

Type: 2-storey, 4 bedroom, 3 bathroom

Price: RM499,900

Completion: 2020

RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source

 

1010 sq ft condominium @ Lakefront Homes, Cyberjaya [30km from KLCC]

Type: 3 bedroom, 2 bathroom

Price: RM450,000

Completion: 2022

RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source

 

Ipoh

2340 sq ft superlink @ Maple, Bandar Baru Seri Klebang

Type: Double-storey, 5 + 1 bedroom, 5 bathroom

Price: RM438,000

Completion: 2019

RM500k properties in Malaysia
Source: iproperty.com.my
RM500k properties in Malaysia
Source: iproperty.com.my
RM500k properties in Malaysia
Source: iproperty.com.my

 

Penang

1498 sq ft townhouse @ Taman Daya Maju, Bukit Mertajam

Type: Townhouse, 3 bedroom, 3 bathroom

Price: RM458,000

Completion: 2020

RM500k properties in Malaysia
Source: propertyguru.com.my
RM500k properties in Malaysia
Source: iproperty.com.my
RM500k properties in Malaysia
Source: iproperty.com.my

 

1206 sq ft terrace house @ Pearl Tropika, Simpang Ampat

Type: 4 bed, 2 bath

Price: RM464,000

Completion: 2018

RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source

 

Johor Bahru

807 sq ft apartment @ D’Lagoon, Seri Austin, Skudai [10km from Johor Bahru city centre]

Type: 2 bed, 2 bath

Price: RM491,800

Completion: 2021

RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source
RM500k properties in Malaysia
Source

 

Already received your keys? Find the best interior designers and renovation contractors at Recommend.my
Recommend.my is the best place to find trusted, reliable home improvement professionals. Our team will work with you to understand your requirements and find multiple quotes for you to compare. You can also browse the latest projects from our pros, and read reviews from satisfied customers.

 

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