Researchers said this was a cause for worry as the chance for serious injury such as hip fractures is high for people in the age bracket, as is the risk of depression after the fall.
The finding is just one of many made by Universiti Malaya's ambitious Malaysian Elders Longitudinal Research (Melor) project, a long-term effort to "gather vital information on issues, opinions and needs of the older person from their own perspective".
Melor co-founder Associate Prof Dr Tan Maw Pin revealed that out of her groups, that age demographic had the highest statistics for falling.
A total of 273 senior citizens above 75 years old took part in the survey.
The number was lower at 23 per cent for the 55 years and above category, which had 1,088 respondents.
Melor researchers are urging for steps to address this issue before it is too late.
"By 2030, we will have about five million people over the age of 60 and we are aging faster than the rest of the world.
"But we can't look after the aging issue at the moment because we have the highest percentage of people overweight in Asia, at 44 per cent. And since we are spending all our resources dealing with this problem, we don't have enough to look at aging.
"If we don't do something now, this aging issue is going to come up like a tsunami and hit us in the face," said Dr Tan.
She hopes the data will paint a clearer picture of the demands and challenges that the growing elderly community face.