Property News

THE improvement of overall residential overhang units in the third quarter of 2022 (3Q22) indicates optimism on the property market for 2023.  National Property Information Centre (Napic) data indicates that the number was down to 29,534 units — valued at RM19.95 billion — from 34,092, with more units being absorbed gradually.  “The market activity looks ...

PETALING JAYA: The government has been urged to reintroduce several initiatives to give the property market a much-needed boost. Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Subramaniam Arumugam said that for a start, the home ownership campaign for the primary and secondary markets should be ...

Malaysia’s property market sector will continue to recover although at a slower pace with Asia Pacific facing significant headwinds and an overcast global economy in 2023, said global property consultancy Knight Frank Malaysia. Group managing director Keith Ooi said introducing green incentives should be the key initiative to drive the sector forward. “We hope the government will ...

There is already an uptick in asking prices for residential property in Malaysia, a sign that demand has returned to the market. This has been attributed to the better financial position among Malaysians that has enabled buyers to keep up with mortgage payments and sellers to raise prices. PropertyGuru, an online property portal that covers Asia, noted that Malaysia and Vietnam, where the ...

Senior Associate Director for Laurelcap Group Christopher Chan sees a steady property market outlook for 2023 despite some headwinds facing Malaysia. “Based on the 3rd Quarter 2022 statistics from the National Property Information Centre (NAPIC), there was a total of 105,204 transactions which has a value of RM 46.63 billion. There was a marked increase of 12.6% from the 2nd Quarter of ...

THE Covid-19 pandemic not only provokes challenges along with the economic downturn, but also brings opportunities and changes to the country’s housing market. A “reset” is significantly observed in both the supply and demand sides of the market after the disruptive impact of the pandemic, and is likely to bring changes to structural issues – oversupply, overhang, ...

Malaysia’s property market posted a better performance in the first half of 2022 (H1’22) with activity increasing 36.1% in volume and value year-on-year (y-o-y) to 188,000 transactions valued at RM84.4 billion as all property sectors recorded growth. The property market’s performance recorded a rebound in H1’22, a reflective of normalising economic activity as the country ...

PropertyGuru's Malaysia Property Market Report Q3 2022 revealed that the property sale market index, demand index and supply index across the landed and high-rise sectors showed an upward trend as consumer confidence improved. In a statement today, the online property marketplace said the overall demand index moved upwards by 7.93 per cent quarter-on-quarter (q-o-q) despite being in negative ...

Malaysian's inflation jumped 4.4% to 127.9 in July 2022, its highest in more than a year, as the cost of food continued to accelerate. The increase in the consumer price index (CPI), the highest since April 2021, was in line with the median forecast of a Reuters poll of analysts. Announcing the July inflation data in a statement, the National Statistics Department said the increase in ...

Thirteen years have passed since the Sultan of Selangor Sultan Sharafuddin Idris Shah designated i-City, Malaysia No.1 Technology City an international zone. i-City was also the first property project in the capital city to get Royal support to become an integrated development Being an international zone allows i-City to build Grade-A office towers, international hotels, a regional shopping ...