News About Napic
Malls, malls and more malls. The retail supply in the country especially in the Klang Valley has continued to expand rapidly despite the growing challenges in the industry such as market dilution and the expanding e-commerce trend.
PETALING JAYA (Dec 5): The Malaysian property market is expected to stabilise and improve next year on the back of an uptick in transaction volume, said the Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC).
KUALA LUMPUR (Nov 29): A high number of unsold property does not only affect property development, but also property management, says Malaysian Institute of Professional Property Managers (MIPPM) president Sarkunan Subramaniam, commenting on the recently released 1H property market performance by the National Property Information Centre.
I must applaud the Malaysian government’s responsiveness in trying to manage the perceived property bubble, with specific focus on the residential luxury market.
Although some prefer to be optimistic and believe we are already seeing a glimmer of recovery for the current slowdown in the property market, what does the latest market data tell us?
PUTRAJAYA (Nov 13): The slow market absorption has led to an increase in residential overhang of 20,867 units worth RM12.26 billion, a 40% growth in overhang volume against 1H16.
Many property investors have been drawn to Penang because of its robust tourism and industrial activities. On Penang island, land scarcity has also limited future developments and hence driven up property prices. But dampened economic sentiments have moderated prices on such properties on the secondary market recently.
Leasing out a property to earn rental income while waiting for its value to grow is a common investment strategy. It allows owners to gain returns on their investment and help offset their monthly instalments. Some of the more fruitful acquisitions may even earn their proprietors some extra income.
Housing estates in Selangor faced some price corrections last year, with transacted prices of landed homes in as many as 30 housing areas seeing more than 5% dip y-o-y, according to data from the National Property Information Centre’s (Napic) Property Market Report 2016.