Market

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...

The dream of owning a home is a shared ambition for many Malaysians, serving as a symbol of stability and achievement. However, the path to homeownership is becoming increasingly challenging due to the rapid rise in property prices outpacing salary growth. This disparity raises critical questions about the feasibility of achieving this milestone in today's economic landscape and what measures can be taken...

The Malaysian real estate landscape is poised for continued resilience and growth, driven by stable economic conditions and strategic measures, according to JLL, a global leader in commercial real estate services and investment management. With the industry bouncing back robustly over the last six quarters, investors are showing renewed optimism, particularly in segments like residential, logistics and...

As 2024 unfolds, the Malaysian property market presents a mixed bag of challenges and opportunities, keeping potential investors on their toes. The financial stretch in major cities continues to hinder homeownership dreams, particularly for the younger generation, who grapple with property prices far exceeding their annual household income. Amidst these hurdles, certain areas and segments of the property...

In major Malaysian cities, the dream of homeownership remains elusive for many, particularly the younger generation, due to a stark mismatch between median property prices and household incomes. Despite government initiatives like the National Affordable Housing Policy aimed at addressing this issue holistically, a significant overhang of unsold properties valued at RM18.42 billion as of the end of 2022...