News about Napic

IN line with expectations, Malaysia’s property market in 2015 did not perform as well as it did in 2014.

DEPUTY Finance Minister Datuk Chua Tee Yong expects the Malaysian housing property market to further soften this year.

PETALING JAYA (April 21): The Federal Territory KL’s (KL) property market saw a slight moderation as the market activity and construction sector softened, but prices of landed residential property still recorded strong growth in 2015.

  KUALA LUMPUR (April 19): Sabah’s property market showed a downtrend in 2015 with the decrease of all sub-sectors and fewer new properties launched.

PUTRAJAYA (April 19): The overall property market slowed down marginally in 2015 from a year ago – with volume down by 5.

REAL estate developers have become more creative in luring prospective homebuyers into committing to a purchase, even as property price growth in the country moderates.

PETALING JAYA (March 22): Transactions for homes priced from RM400,001 to RM500,000 fell by almost half to 14,755 units in 2015 from 28,769 units in 2014, according to the National Property Information Centre’s (Napic) preliminary overview market report.

SABAH, in particular its capital Kota Kinabalu, was not spared the effects of the cooling measures introduced to curb escalating property prices, resulting in a slower property market last year, with fewer transactions and launches.

THE extraordinary boom in the property market in Malaysia is ending but high house prices and the middle-class obsession with home ownership are likely to persist for a long time to come.

  MALAYSIA: OVERALL RESIDENTIAL PROPERTY MARKET There was an overall contraction of the Malaysian residential property market in the first half of this year (1Q2015) compared with 1Q2014, according to figures released by the National Property Information Centre (Napic).