Napic, which is under the Ministry of Finance's valuation and property services department, said on Monday (May 15) that residential market activity in the first quarter of 2023 (1Q2023) already saw a decline, partly due to the gradual increase of OPR to 2.
There is a widely held perception that housing is increasingly out of reach for the younger generation of Malaysians.
A total of 27,746 overhang units were recorded in 2022, declining by 24.
Commenting on the outlook for the property market this year, Napic director Aina Edayu Ahmad said it depends on market sentiment, especially from property developers and households.
The majority of the total residential overhang units are those priced between RM500,000 and RM1 million at 31.
Residential market's transactions expected to increase Industrial market’s demand surges It was an interesting year in 2022 for the Malaysia property market as we saw several initiatives by the government and improvements in sentiment among buyers and developers which led to what seemingly was a post-pandemic recovery phase for the sector.
It was notable that 68.
Napic said the overall overhang situation improved in 1H2022, down by 7.
KUALA LUMPUR (Apr 27): Occupancy rates for purpose-built office and retail spaces are dropping even though the supply has increased in 2021, according to the National Property Information Centre (Napic) report for 2021.
KUALA LUMPUR (April 7): Despite the outlook on retail sales improving, AmInvestment Bank expects rental reversions for malls in prime locations to remain muted in the near term as tenants will still require some time to recover to their pre-pandemic sales level.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
