Malaysia's property transaction value hits decade-high in 2024, overhang situation improves
Volume meanwhile rose 5.
Overhang residential units down 7% in 2023, affordable housing the largest category
Value of overhang residential units also declined 4% to RM17.
Residential properties account for majority of 2021 property transactions
KAJANG (April 4): Residential properties accounted for the major chunk of property market transactions in Malaysia in 2021, totaling 198,812 transactions worth RM76.
NAPIC: Property market records sharp fall in 1H2020
PUTRAJAYA (Sept 22): The property market saw a steep y-o-y fall in the first half of 2020 (1H2020).
Residential overhang up 10% if serviced apartments are included
PETALING JAYA (May 1): The absorption of commercial-titled residences, mainly serviced apartments and SoHos, is posing a challenge to the market as seen from the significant increase in the number of overhang units of this property type in 2019.
Penang reduced serviced apartment overhang by 50% in 2019
PETALING JAYA (April 30): The number of Penang's serviced apartment/SOHO overhang units has decreased by 51.
Serviced apartment prices under pressure as supply surges
PETALING JAYA (April 30): Luxury serviced apartments in certain locations in the country have seen their market prices reduced by up to 14% amidst rising supply in the market.
Johor residential property transactions grew in 2019
PETALING JAYA (April 30): Residential property transactions in the state of Johor saw an uptick in 2019.
Demand for warehouses up but industrial overhang continues to rise
PETALING JAYA (April 30): The expansion of e-commerce may have spurred demand for warehouses/logistics-related properties but the overhang of industrial property sub-segment has seen overhang units rising since 2015.
Sharp rise in Selangor serviced apartment overhang
PETALING JAYA (April 30): Selangor’s serviced apartment/SOHO overhang units saw a drastic increase in 2019.
