Henry Butcher Malaysia: Local residential market will not be much impacted in 2023
"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.
"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.
Held over the New Year’s Eve weekend, the event also celebrated “the grand finale of the company’s Beyond 50 campaign”.
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The contract period is 36 months from Feb 2, 2023 to Feb 2, 2026.
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.
The freehold land, measuring 4,987 sq m, has a double-storey detached factory erected on it, PTT Synergy said in a Bursa Malaysia filing.
MARC noted Sime Darby Property recorded an average take-up rate of 92% as at Nov 6, 2022 for recent launches.
Economists believe the government is unlikely to slash subsidies abruptly in Malaysia, especially those regarding electricity and petrol.