During the 12-month period between February 2016 and March 2017, 49,500 terrace houses were transacted via sub-sale throughout Malaysia including both the Peninsular Malaysia and Sabah and Sarawak. This figure shows a significant drop of 10.6% when compared to same previous period of 12 months.
Selangor recorded the highest sub-sale transactions in the terrace house category during the review period at 27%. It is interesting to note that although Kuala Lumpur dominated market share for condominiums transacted subs-sale for an almost identical period i.e. from February 2016 to March 2017 at 36%, it was only placed in 10th place in the terrace house transacted sub-sale category.
Another notable observation in this category, is Johor’s performance, reported 19% of total sales which places it as the second most active state only after Selangor. Johor on the other hand surprisingly only recorded a low market share of 3% in the condominium sub-sale sector. The only other state that recorded a sub-sale transaction percentage that is higher than 10% is Perak while states like Kedah, Negeri Sembilan, Penang, Sarawak, Malacca, Pahang, Kuala Lumpur, Sabah, Trengganu as well as Kelantan were reported to have recorded sub-sale transactions of in the range of 9% to 2%. Perlis and federal territories Labuan and Putrajaya only recorded 0.3% and 0.1% respectively.
This report also evaluated median prices and prices per square foot of the terrace houses sold during the same period. A review of the data shows that Kuala Lumpur recorded the highest median price of terrace houses transacted sub-sale at RM750,000 at a median price of RM546 psf. Interestingly, Penang which commanded the highest median transacted sub-sale price per square foot in the condominium category at RM506 was only able to achieve a median transacted sub-sale price per square foot in the terrace house category at almost 50% lower of only RM275 while the median price of this type of property is RM330,000
Putrajaya, although recorded a very small market share of 2% in the terrace house transacted sub-sale category during the period reviewed was able to command a relatively high median price of RM680,000 and a median price per square foot of RM432 in this category. The state with the highest market share in this category, Selangor reported an average median price of RM428,000 and RM356 psf as its average median price per square foot. In all other states and territories, the median price of a terrace house transacted sub-sale is below RM300,000. These include Sabah at RM 315,000 with a median price psf of RM302. Johor and Labuan shared the same median price of RM300,000. However, Labuan commanded a higher median price per square foot of RM310 when compared to Johor’s median price per square foot of only RM275. The median price for terrace houses transacted via sub-sale is RM280,000 and its median price per square foot was RM266.
The remaining 8 states fell into the median price range of between RM145,000 and RM195,000. Pahang recorded the highest median price in this range at RM195,000 while its median price per square foot is RM211. Trengganu followed closely at RM180,000 with a median price per square foot of RM205. The next state in this range was Melaka at RM170,000 with the median price square foot of RM193. Negeri Sembilan and Kelantan recorded median prices of RM165,000 and 150,000 as well as median price per square foot of RM 191 and RM182 respectively. The last 3 states reported in this category are Perak, Kedah and Perlis. Perak recorded a median price of RM160,000 while Perlis recorded a median price of RM150,000. Both these states shared a median price per square foot of RM174. The final state listed in the report is Perlis with a median price of RM145,000 and a median price per square foot of RM170.