Property Transacted Prices in Malaysia

A transacted price is the actual sale price recorded when a property changes hands, as filed with JPPH (the Valuation and Property Services Department of Malaysia). It differs from an asking price, which is what a seller hopes to get - transacted prices show what buyers really paid.

The figures are computed from public JPPH / NAPIC property transaction records. Rummah aggregates the records into medians, price-per-sqft figures and yearly trends by state and area. Buyer and seller details are never shown.

The median is the middle transacted price of all recorded sales in an area over the stated period - half of the properties sold for less, half for more. Medians resist distortion from a few extreme sales better than averages.

Asking prices are negotiable and often optimistic; transacted prices are final. In most Malaysian markets, transacted prices settle a few percent below asking. Comparing both tells you how much room there is to negotiate.