In a report unveiled at the roundtable, Rehda Institute highlighted compliance costs as a major challenge in the industry, with continued hikes leading to higher prices and hence, reduces affordability, project feasibility, profits, and future supply.
Recovery in the residential property sector continues, albeit at a slower pace amid rising borrowing costs and growing inflationary pressure.
"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.
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In a note on Wednesday (Jan 4), analyst Loong Kok Wen stated that property valuations had factored the negative impact of interest rate hikes on housing demand, but with the rate hikes frontloaded, the pace of the increase in interest rates is expected to decelerate in 2023.
"Among the steps that need to be taken is to immediately reintroduce a strict standard operating procedure as a preparedness measure in addition to ensure that Malaysia becomes a destination of choice for foreign tourists to visit.
Moody’s expects the local economy to slow in 2023 given external demand for its manufactured goods has weakened, mainly due to the slowing Chinese economy KUALA LUMPUR (Dec 30): Economists expect more overnight policy rate (OPR) hikes to combat inflationary pressures in 2023, with CGS-CIMB expecting two more 25-basis-point increases to 3.
Economists believe the government is unlikely to slash subsidies abruptly in Malaysia, especially those regarding electricity and petrol.
The year is almost out as 2023 gets ready to take its place.
“The emergence of well-planned and professionally managed industrial parks shows the transitional shift toward a new generation of industrial developments with an emphasis on ESG attributes and advanced technology adoption.
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