The Construction Cost Handbook Malaysia 2018 and 2019, from developers Arcadis, paints a clear picture of escalating costs over the last ten years. In the focus area of analysis, Kuala Lumpur, the cost per square meter for both detached houses and luxury apartments increased from just under RM3,000/sq m to over RM3,500/sq m from 2008 to 2018.
The home construction cost range per sq ft (psf) for the top 5 cities in malaysia is as follows. Price / square footage = cost per square foot (a number for comparison). The cost per square foot (of finished home) would be $15,000/1400 = $10.71/sf for the smaller home and $15,000/2800 = $5.36 for the larger home.
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1. Condominium: RM40,000 to RM150,000. 2. Terrace: RM60,000 to RM250,000. While terraces and semi-detached homes may be similar in concept (both have an adjoining wall, shared with a neighbour) the latter usually costs more to renovate, due to a slightly larger land space. 3. Semi-Detached: RM100,000 to RM300,000.
Detached houses and high end bungalows The price per square feet for building a bungalow from scratch is range from RM 287 - 381 (KL area) RM 283 - 353 (JB area) and RM 257 - 272 (Penang) Please take note the above indicative price is from the last quarter 2018. It is already 2 years pass, im not so certain the price for this current trend. The above serve as a general guideline
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Malaysia: Square metre prices, premier city centre, US$. Average per square metre (sq. m.) prices in US$/€ of 120-sq. m. apartments located in the centre of the most important city of each country, either the: Administrative capital; and/or. Financial capital; and/or. The centre of the rental market.