THE real estate industry anticipates up to a 5% rise in terrace house prices in 2025, driven by steady demand, according to Irhamy Valuers International, which is part of Juwai IQI, an Asian real estate technology group.

Utusan Malaysia reported that terrace house prices are expected to outperform other housing types next year, following similar trends in 2023.

Irhamy Valuers International founder and Chartered Valuer CEO Irhamy Ahmad said a 5% growth by the end of 2025 reflects a stronger performance compared to last year.

“Over the 12 months leading up to the second quarter of 2024, the official terrace house price index from the National Property Information Centre (NAPIC) rose by only 1.1%.

“However, terrace house prices saw an overall 3.7% increase in 2023,” he said.

Irhamy remarked that terrace houses remain among the best-performing residential types.

“In 2023, terrace house prices rose by 3.7%, leading other housing types, with apartments at 3.6% and semi-detached and detached homes at 2.3% and 1.4%, respectively.”

Over the long term, terrace house prices have far outpaced other residential types, indicating robust growth.

“Since 2010, the price index for all house types rose by 118.7%, while apartment prices saw a slightly higher increase of 112.7%,” he added. — TMR