Market

Knight Frank Malaysia's "Real Estate Highlights 2nd Half of 2023" report unveils an encouraging trend in Malaysia's residential property market for the first nine months of 2023. The market experienced a growth in transaction volume and value by 1.3% and 3.5% respectively year-on-year. This upswing is attributed in part to strategic promotional efforts by developers, including innovative collaborations...

Malaysia's national inflation rate declined to 1.5% in November 2023, down from 1.8% in October, according to the statistics department. The consumer price index (CPI) edged lower from 1.9% in September to 1.8% in October. Chief statistician Uzir Mahidin reported that monthly headline inflation remained unchanged at 0.1% in November compared to October. Lower increases were...

Malaysia has retained its fifth-place ranking in the Corporate Governance (CG) Watch 2023 report for the Asia-Pacific region, with a score of 61.5%, representing a 2% improvement from 2020. The report, a joint effort between the Asian Corporate Governance Association (ACGA) and brokerage and investment group CLSA, evaluated the corporate governance and environmental, social, and governance (ESG)...

Kenanga Research has suggested that further enhancements in the supply chain and a reduction in global demand could contribute to keeping inflation in Malaysia within the 2.5%-3% range in the upcoming year. In a recent statement, the research firm pointed out that, despite the anticipation of a slowdown in global growth in 2024, Malaysia's gross domestic product is projected to continue expanding,...

Malaysia's aviation sector is on track to experience a 4% growth in passenger movements in 2024, buoyed by the expansion of local airline fleets, the return of foreign carriers, and the gradual resurgence of Chinese tourists, says MIDF Research. In a recent note, MIDF Research projected that passenger traffic in Malaysia's skies for December 2023 would receive a boost from 30-day visa-free entry...

As the year 2023 comes to a close, discussions and predictions for the real estate sector in Malaysia are gaining momentum. In this in-depth exploration, we delve into the opportunities and trends that will shape the country's real estate market in 2024. From green initiatives to residential preferences, office dynamics, and the influence of foreign investments, we uncover the key factors driving...

Overhang properties in Malaysia include a significant number of residential units priced between RM500,001 and RM700,000, making up the second largest group at 15%, according to CBRE | WTW Malaysia group managing director Tan Ka Leong. He shared this surprising finding during a presentation at the CEO Series 2023 (Economy & Business Forum), organized by Rehda Institute. Tan emphasized the need for...

Ipsos Malaysia is advocating for a revision of the housing expense-to-income rule, which currently sets the threshold at 30%, deeming a home unaffordable if households spend more than this percentage of their income on housing. According to Ipsos Malaysia, this rule is both "outdated and arbitrary" and does not align with the needs of Malaysian households. Recent Study Reveals 23.5% as More Accurate...

In the second quarter of 2023 (Q2 2023), Malaysia has seen a 5.3% decrease in the number of unsold houses, totaling 26,286 units valued at RM18.3 billion, according to data from the National Property Information Centre (Napic). This decline reflects ongoing efforts to manage the issue of unsold properties in the country. Addressing the Unsold Houses Issue: The Malaysian government has initiated...

The real estate market in Malaysia experienced robust growth in the third quarter of 2023 (Q3 2023), with the total value of transactions surging by 22.6% compared to the same quarter in the previous year. This substantial increase was primarily driven by a higher number of major property sales across the country, according to data released by the Valuation and Property Services Department...