Market

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 According to Ipsos Malaysia, this rule is both "outdated and arbitrary" and does not align with the needs of Malaysian households.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...

The Malaysian real estate market has shown signs of improvement since last year, but it has yet to fully recover to pre-pandemic levels, according to Datuk Seri FD Iskandar Mansor, the group managing director and CEO of Glomac Bhd. FD Iskandar noted that there is a growing interest in property investment and real estate in Malaysia. However, several challenges continue to impact the industry's...

As cranes increasingly dot Malaysia’s skylines and construction sites buzz with non-stop activity, a curious imbalance has taken shape. Amid the rising apartment complexes, suburban enclaves, and gated communities, a significant number of residential properties stand vacant, their doors open and awaiting the footsteps of prospective occupants. The phenomenon of overhang and unsold residential...

2022 came in as a recovery year when the Covid-19 pandemic was recategorised into an endemic. Unfortunately, the Ukraine War, which started on Feb 24, has taken a toll on all international markets. This war is expected to continue more into the cold winter months and demand for oil and gas (O&G) will continue to peak resulting in higher fuel prices. This has also resulted in escalations in raw...

Shah Alam, Selangor’s capital, is a focal point of many existing and new infrastructure developments. The state still experiences the most property transactions. Key players in the property industry remain confident of Selangor’s continued status as a prime investment area, with no signs of the trend changing. Selangor’s prominence was well-recorded even during the pandemic, when in 2021,...