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The bulk of overhang across key states in the recent months was made up of the mid-range, and even condo units which are considered within the affordable price brackets, i.

Tong noted that while the mandatory afforable housing quota is well intended, a blanket requirement often results in a disconnect between supply and demand.

Napic Property Market Report 2024 shows a strong rebound in both the volume and value of property transactions since the outbreak of the Covid-19 pandemic, but increases in property transaction volume and value may not necessarily indicate a good market sentiment.

The prime lifestyle hub, along with its premium office and residential segments, has been viewed to further enhance the value of properties in the affluent address.

Homebuyers looking at Penang’s mainland can expect a surge in new property launches between 2025 and 2029, with a total of 84 new projects set to bring 19,176 units to the market, according to EdgeProp’s special report: “PENANG Investing Towards 2030”.

“High-rises are producing rental yields in the 4.

While the Federal Territories Minister’s emphasis on the need for balanced development—including supporting infrastructures, education, amenities, green spaces, transport, and proper planning—is commendable, the reality does not match her words.

The Johor Bahru–Singapore Transit System (RTS) Link station will attract SEZ-linked businesses such as logistics operators, warehouse providers and large-scale manufacturers, which in turn could encourage an increase in property values around the Johor Bukit Chagar RTS station.

"Office tenants now face the dual challenge of higher rental costs and increased fit-out expenses due to the new construction services tax.

Condominium prices also charted steady growth, with average transacted values rising 3.