Market

In a dynamic shift within the Malaysian rental market, millennials have emerged as the predominant group of renters in 2023, representing 37.8% of all rental transactions nationwide. This trend underscores the evolving demographics of property renters and is highlighted in the 2024 Home Renters Generational Trends Report by real estate technology group Juwai IQI. Following closely behind, Generation Z...

The recent announcement of a salary increase for civil servants could potentially breathe new life into Malaysia's property market, according to the Real Estate and Housing Developers' Association Malaysia (Rehda). This development comes at a crucial time as both consumers and developers grapple with the rising cost of living and escalating prices of building materials. Potential Impact of Salary...

Exploring the Surge in Compact Condos in Kuala Lumpur and Selangor In the bustling regions of Kuala Lumpur and Selangor, the skyline is ever-changing, punctuated increasingly by high-rise condominiums that cater to a growing urban population. These areas are witnessing a significant shift towards smaller living spaces, driven by rapid urbanization, lifestyle changes, and limited land...

Johor is rapidly transforming its property landscape, shedding its previous status as the region with the highest property overhang, to becoming a burgeoning hub for real estate investment. This shift is largely attributed to a series of strategic developments aimed at enhancing the region’s economic and infrastructural fabric. Strategic Developments Spurring Growth Sheldon Fernandez, the country...

Exploring the Shift in KL’s Property Loan Applications: A Closer Look at 2024’s Early Trends In the bustling heart of Kuala Lumpur's real estate market, a peculiar trend has emerged early this year. Recent data from Bank Negara Malaysia reveals a significant fluctuation in loan applications for property purchases. While January saw a substantial 46% surge, February experienced a sharp 19%...

As Malaysia confronts a moderating trend in potential output growth, strategic reforms become imperative to sustain and enhance the nation's economic prospects. Lee Heng Guie, Executive Director of the Socio-Economic Research Centre, outlines a comprehensive approach to revitalize Malaysia's economic foundations and address the challenges of transitioning to a high-income economy. Understanding the...

The Kuala Lumpur and Selangor office markets are currently experiencing a significant evolution, highlighted by the completion of major projects like the Merdeka 118 tower. According to Teh Young Khean, Knight Frank Malaysia’s executive director for office strategy and solution, these developments are setting the stage for future supply pressures and opportunities. Recent Developments and Supply...

Tampines Resale Flat Sells for Just S$100,000: An Analysis of This Market Anomaly In an eye-opening transaction that has sparked widespread conversation, a four-room flat in central Tampines, Singapore was sold for a mere S$100,000 (RM351,271), a price significantly lower than typical market rates. This sale, completed in January, involved a unit at Block 860A Tampines Avenue 5 with a remaining lease of...

The Malaysian real estate market is experiencing a revival of foreign interest, signaling a cautious yet undeniable rebound from the pandemic's impacts. Industry experts, including the Malaysian Institute of Estate Agents (MIEA) and the MM2H Consultants Association, point to the country’s affordability, lifestyle appeal, and strategic policies like the Malaysia My Second Home (MM2H) program as key...

Explore the Best Expat Cities in Asia for 2024: A Comprehensive Guide Asia remains a beacon of opportunity for expatriates from around the globe, offering a mix of vibrant cultures, dynamic economies, and diverse lifestyles. Whether you're contemplating a move to experience new cultures or seeking career growth, understanding where to start can be pivotal. Recent rankings from Preply highlight the top...