The property market is gradually stabilising, but property developers hold a neutral view for 2H2023, with more optimism for 1H2024, according to recent findings of the Real Estate and Housing Developers' Association (Rehda) Property Industry Survey.

A total of 1,010 affordable housing units, dubbed Residensi Wilayah and Residensi Prihatin Madani in Desa Tasik Sungai Besi here, will be offered to the middle 40% and bottom 40% household income groups (M40 and B40), especially those who cannot afford to buy their own homes.

Buying a residential property? Before you head to the bank for a loan, take a look at your credit score because it can significantly impact the lending rate you'll be offered.

There has been an increase in activity in the real estate market in Malaysia, based on the recent Real Estate and Housing Developers' Association (Rehda) Property Industry Survey for 1H2023.

Noteworthy:

• Freehold
• Built-up size: 3,168 sq ft
• Land size: 8,279 sq ft
• 4 bedrooms, 5 bathrooms
• Unfurnished
• Nearby amenities: Convenience stores, Alamanda Shopping Centre, IOI City Mall, KTM Bangi
• Accessibility : EKVE highway, Kajang-SILK highway,

When: May 2023

Several vehicles were damaged after part of he roof structure of a five-storey building in Jalan Kuchai Lama, here, collapsed last night.

Noteworthy:

• Freehold
• Built-up size: 1,840 sq ft
• 4 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities: Convenience stores, clinics, banks, One Utama Shopping Centre, IKANO, The Curve, IKEA, MRT TTDI, MRT Bandar Utama
• Accessibility: Damansara-Puchong Expressway, SPRINT highway, Federal highway

When: February 2023

The upcoming mixed-use residential precinct will comprise the delivery of dual towers featuring approximately 430 apartments across both plots of land, alongside 12% affordable housing, though these are subject to development approval with further details to be determined.

A recent article in a daily portal reported that Khazanah Research Institute (KRI) had urged the government to study the proposal to impose vacancy tax on unoccupied and unsold residential and commercial units, citing it would “help prevent an oversupply of products, which contribute to a property glut, such as high-priced high-rise units”.

Knight Frank's Asia-Pacific Prime Office Rental Index for 2Q2023 has dropped by 1.6% quarter-on-quarter (q-o-q), maintaining a year-long downward trend since 2Q2022.