Buckley said that demand for hotel real estate, including serviced apartments and hybrid hotel-apartment concepts, is expanding, particularly in Kuala Lumpur, Johor and Penang.
Experts during a panel session at PropNex Malaysia's Xpo 2024 say the country’s recovering economy is no deterrent to growth of foreign investments, industry, and the property market.
“The Malaysia property market in 2024 is expected to be stable and continue growing in the next three years, supported by various initiatives outlined by the MADANI Government under Budget 2024.
"The first nine months of 2023 recorded among the highest numbers in transactions countrywide for the same period since 2011/2012’s peak point, indicating a sustained market momentum from 2022.
“This time, the development is more focused.
AmInvestment said the average unbilled sales for developers under its coverage at 1.
Selangor contributed the highest volume and value to the national market share, with 26.
Market will grow as there is stability in the country Secondary market is expected to perform from pent-up demand The Malaysian property market is expected to improve in 2023 as long as the fundamentals and government’s support through incentives are in check, according to the Malaysian Institute of Estate Agents (MIEA).
"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.
According to Knight Frank's latest report, the Asia-Pacific region is set to remain the world's fastest-growing region, despite ongoing stressors exacerbated by the Russia-Ukraine conflict and global financial volatility.
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