Malaysia’s property market is still dealing with the effects of the Covid-19 pandemic in the third quarter of 2020 (Q3 2020), said property site, PropertyGuru Malaysia. Its Malaysia Property Market Index (MPMI) report has revealed a downward trend in asking prices across all four key markets of Kuala Lumpur, Selangor, Penang and Johor. “Overall, property asking prices in Malaysia dropped...

Houses in Malaysia are getting more and more “expensive”. This has been re-litigated for years, especially in the past decade, as homeownership became more and more out of reach for the younger generation. High property price is often blamed upon “profit-seeking” developers who are in favor of building overpriced houses and eventually causing a high number of overhangs in the...

The newly released HIS report by the Department of Statistics Malaysia sheds some light upon the overhang and oversupply issue that is currently plaguing the local property market. Overhang and oversupply are two very different terms. Simply speaking, overhang (or unsold units) is a cyclical problem due mainly to the unmet housing demand in association with the varying economic performance, housing preferences, market sentiment, credit accessibility and so...