Tag Archives: Malaysia Property Market

The Malaysian property market is expected to continue to show positive signs of recovery towards the year-end, likely to be driven by continuous interest in residential properties, Housing and Local Government Minister Kong Cho Ha said yesterday.

Buyer behaviour: Analysts were expecting a more robust revival in the region’s property market towards the end of the year, says Mr Kong

He said that the property sector saw a strong comeback in the third quarter of the year, with renewed buying interest in residential property on anticipation of a recovery in the economy.

This was evident although the commercial property market, including office and retail space, remained quite soft with easing demand bringing down rental and occupancy rates, he said.

Prices of houses are expected to see further upside, driven by huge liquidity in the economy as well as a further rebound in residential rent, Mr Kong said in his keynote address at the National Property and Housing Summit 2009 here yesterday.

He said that analysts were expecting a more robust revival in the region’s property market towards the end of the year, in tandem with further pick up in the global economy. Continue reading →

Domestic interest in Malaysian property is now higher compared to that from overseas in contrast to a year ago, an analysis by property website thinkproperty.my showed.

It had analysed its visitor traffic data over the last three months and compared it with the status last year.

The data is pertinent because in 2008, 82.7 per cent of visitors were from Malaysia, while in 2009, that proportion rose to 85.2 per cent.

Over 80 per cent of the visitors were interested in buying or renting property in Malaysia, thinkproperty.my said in a statement yesterday.

While there was increased interest from Malaysian property buyers, it was less among those from countries such as Singapore, the United Kingdom, India, Australia, Japan, the United Arab Emirates (UAE) and Pakistan, it said.

Asim Qureshi, the chief executive officer of Think Media Sdn Bhd, the company that owns thinkproperty.my, commented that the data provided mixed signals. ‘On one hand, it indicates the confidence of Malaysians in investing in property, has increased in contrast to those from overseas.

‘This is to be expected because Malaysia’s property market has been stable.The Malaysian experience of seeing property as an investment has also been more positive compared to those of most other countries, he added. Continue reading →