News about residential

Napic, which is under the Ministry of Finance's valuation and property services department, said on Monday (May 15) that residential market activity in the first quarter of 2023 (1Q2023) already saw a decline, partly due to the gradual increase of OPR to 2.

Executive chairman Tan Sri Abdul Rahim Abdul Rahman: Despite the various economic and geo-political challenges that still remain, in addition to the rising inflation and interest rate hikes that prolonged the 'wait-and-see' attitude of buyers; transaction activities in 2022 have proven the market to be somewhat resilient — showing a significant rebound in overall market activities KUALA LUMPUR (Feb 9): Rahim & Co International Sdn Bhd states that as a continuation of 2022 having had more progress, residential and industrial property sub-sectors have shown signs of positive growth while others are poised to follow suit but at a slower pace.

"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.

According to a Bloomberg report, purchases “may more than double”.

DONE DEAL: 3-storey terrace house, Gombak, Selangor DONE DEAL: Semi-detached house, Taman Tropika 2, Kajang, Selangor Jalan Gasing is one of the major roads in Petaling Jaya, Selangor.

KUALA LUMPUR (March 30): The number of unsold houses remained elevated in the third quarter of 2021 despite some improvements in activity in the residential property market, said Bank Negara Malaysia (BNM).

The government’s assurance that it would not rush into introducing the proposed Residential Tenancy Act (RTA) is wise, given the growing public disquiet.

The National Homebuyers Association (HBA) is calling out that the drafted laws of the proposed Residential Tenancy Act (RTA) draft have incomprehensible sections.

KUALA LUMPUR (Feb 24): As the Ministry of Housing and Local Government (KPKT) plans to enact the Residential Tenancy Act, the Malaysian government has been seeking feedback through a one-month public consultation.

PETALING JAYA (Jan 6): The residential market performance remains cautiously optimistic for 2022 with growing demand for landed residential development, according to Knight Frank Malaysia.