Malaysia Real Estate
About Malaysia Real Estate
The Malaysia real estate market has shown resilience and steady growth in 2024. Here are some key points:
Market Overview:
- Stability: The property market has remained stable, supported by strong demand and new projects.
- Average Home Prices: The average home price stood at RM480,000, with a modest 0.4% rise from the previous year.
- Residential Transactions: Residential properties accounted for 50% of the total value and 63% of the volume of all real estate transactions.
- Industrial Transactions: Industrial properties archived for up-to 100% of the total value from the previous year.
Key Trends:
- New Projects: Over 32,000 new landed and high-rise homes were initiated in the third quarter of 2024, a substantial increase from the previous quarter.
- Completed Homes: Nearly 24,000 homes were delivered in the third quarter, maintaining a balance between supply and demand.
- Government Initiatives: The Housing and Local Government Ministry has implemented initiatives like the Housing Credit Guarantee Scheme and the Home Ownership Campaign 2.0 to boost house ownership.
Economic Factors:
- Infrastructure Projects: Several infrastructure projects, such as the Rapid Transit Link (RTS) project in Johor and the East Coast Rail Link (ECRL), are expected to stimulate economic growth and the property market.
- Affordability: Housing affordability remains a challenge, with many potential buyers turning to the rental market due to high property prices and interest rates.
- Foreign Investor : More foreign IT company are prepared or has invested into Malaysia in years 2024 and 2025.
Future Outlook:
- Predicted Stability: The market is expected to remain relatively stable in the fourth quarter of 2024, with a balanced pace of growth.
- Investor Confidence: Optimism among developers and investors remains high, with continued support for property seekers.
Overall, the Malaysia real estate market is showing positive signs of growth and stability, making it an attractive option for both buyers and investors
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