Highrise properties in Cheras are most sought-after by house buyers this year.

Cheras tops the list for highrise properties priced below RM300,000 as well as highrises priced between RM300,000 to RM1 million, according to data from PropertyGuru Group.

For highrise below RM300,000, Puchong comes in next after Cheras, followed by KLCC, Shah Alam and Ampang, based on search volume on PropertyGuru, said Dr Lee Nai Jia, research head at PropertyGuru, at the press conference held alongside with the PropertyGuru Future Built 2025 Summit on October 30.

For landed properties, Shah Alam remains the hotspot for homes priced below RM300,000 and those priced between RM300,000 and RM1 million.

For landed homes below RM300,000—including terraced and link houses—the most-searched areas are Shah Alam, Rawang, Sepang, Klang and Puchong.

“From this data, it’s clear that homebuyers are trying to strike a balance between affordability and accessibility.

 “What’s interesting is the growing attention on MRT and rail connectivity.

“Looking at past data, buyers didn’t necessarily rush to areas well-connected by rail, but this trend is now changing—people are starting to focus on locations served by rail transit,” said Dr Lee.

With the government extending the stamp duty exemption for first-time homebuyers purchasing properties priced below RM500,000 announced in the Budget 2026, Dr Lee does not rule out the possibility that these locations will continue to be the focus of homebuyers looking to invest in the Klang Valley area.

In the first quarter of this year, property transaction volume fell by 6.2 percent year-on-year to 90,772 units, while the total transaction value also dropped by 8.9 percent to RM51.42 billion.

“What’s interesting is the trend in housing prices—highrise property prices have remained persistently high.

“In other words, demand may cool slightly, but market confidence hasn’t collapsed, and buyers are still willing to ‘pay for the right product at the right price,’” said Dr Lee.

From a broader economic perspective, Dr Lee believes that property market outlook remains relatively stable, supported by strong domestic demand.

“Malaysia’s GDP grew 4.4 percent year-on-year in the second quarter, showing that the economy remains on a steady growth track and is strongly supported by internal demand,” he said.