Housing in Malaysia: The Location and Pricing Supply & Demand Gap
Authored by: Dr. Lee Nai Jia, Head of Real Estate Intelligence, PropertyGuru Group
The Sale Price Index, which measures the median prices of property listings, has been on an upward trend recently. The demand based on the number of enquiries received on the PropertyGuru website has shown to ease steadily since the middle of 2022, likely due to the interest rates.
Since the end of Q4 of 2021, the rental market has increased significantly, with the rental demand only showing signs of easing in Q4 of 2022, but this decline is likely due to the year-end travelling. Despite this, the level of the rental market demand remains high.
Ultimately, this will affect the market's overall affordability, overhang, and construction costs, which in turn, affect the expectations of affordable housing in Malaysia.
Discover and explore more key insights (powered by DataSense) on the current update in the Malaysian housing market by downloading our slides below.
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