{"id":96068,"date":"2024-10-23T11:19:41","date_gmt":"2024-10-23T03:19:41","guid":{"rendered":"https:\/\/iqiglobal.com\/blog\/?p=96068"},"modified":"2024-10-23T11:43:52","modified_gmt":"2024-10-23T03:43:52","slug":"malaysias-property-market-snapshot-a-comprehensive-review-of-h1-2024","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/malaysias-property-market-snapshot-a-comprehensive-review-of-h1-2024\/","title":{"rendered":"Malaysia&#8217;s Property Market Snapshot: A Comprehensive Review of H1 2024"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>Do you actually keep up with the on-going trend in<strong> Malaysia&rsquo;s Property market<\/strong>?<\/p>\n\n\n\n<p>In recent times, Malaysia&rsquo;s Property market has been going through changes with rising trends and challenges. But does that put an effect on homebuyers and investors alike? <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-here-s-a-quick-recap\">Here&rsquo;s A Quick Recap<\/h2>\n\n\n\n<p>According to <a href=\"https:\/\/www.linkedin.com\/in\/muhazrol-muhamad-072099200\/\"><strong>Muhazrol Muhamad<\/strong><\/a>, <strong>GVP,<\/strong> <strong>Head of Bumiputera Segment<\/strong>;<br><br>As of the latest update on<strong> September 18<\/strong>, 2024, the first half of 2024 has revealed significant trends in <strong>Malaysia&rsquo;s property market<\/strong>, particularly in the;<\/p>\n\n\n\n<p><strong>Residential<\/strong>, <strong>Industrial<\/strong>, and <strong>Commercial<\/strong> sectors.<\/p>\n\n\n\n<p>With that, together we explore the key takeaways on the on-going trend in <strong>Malaysia&rsquo;s Property market<\/strong>!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-residential-sector-stability-amidst-variability\"><strong>Residential Sector: Stability Amidst Variability<\/strong><\/h2>\n\n\n\n<p>The<strong> residential market<\/strong>, while resilient, has shown variability in activity levels across different property types, with a nuanced slowdown in growth compared to the previous year:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Transaction Volumes and Values<\/strong>: The volume of transactions has <strong>decreased<\/strong> by approximately <strong>5%<\/strong> year-over-year, indicating a slight cooling compared to the heated activity seen in previous years.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Overhang and Unsold Units<\/strong>: The overhang in the residential sector has<strong> increased <\/strong>by <strong>2% <\/strong>compared to the same period last year, signaling a slower absorption rate, particularly in the <strong>luxury<\/strong> and<strong> higher-priced segments<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-industrial-sector-sustained-growth\">Industrial Sector: Sustained Growth<\/h2>\n\n\n\n<p>The<strong> industrial property market<\/strong> continues to expand, fueled by recovery in both domestic and international markets:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Warehousing and Manufacturing Spaces<\/strong>: Demand for these spaces has<strong> increased <\/strong>by about<strong> 10%<\/strong> over the last year, particularly in well-connected areas offering<strong> modern<\/strong>, <strong>efficient facilities<\/strong>.<\/li>\n\n\n\n<li><strong>Market Expansion<\/strong>: The<strong> planning and development<\/strong> of new <strong>industrial properties<\/strong> have risen by <strong>around 15%<\/strong> compared to last year, reflecting <strong>strong investment appetite <\/strong>and <strong>strategic enhancements<\/strong> to Malaysia&rsquo;s logistical and <strong>manufacturing capabilities<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-commercial-sector-adjusting-to-new-norms\">Commercial Sector: Adjusting to New Norms<\/h2>\n\n\n\n<p>The <strong>commercial sector<\/strong>, particularly office and retail spaces, has undergone an adjustment period due to evolving work and consumer behaviors<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Office Spaces<\/strong>: The Purpose-Built Office Rental Index (PBO-RI) has shown a decrease of 0.5% in Klang Valley, indicating a market in search of equilibrium as businesses reassess their space needs post-pandemic.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Retail Spaces<\/strong>: Recovery in the retail sector remains slow, with foot traffic still down by about 3% compared to last year, underscoring the lasting impact of e-commerce on traditional shopping behaviors.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-200e544c-d30f-4596-823e-ac5c4b0c7293\" href=\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2024\/10\/IQI-Monthly-Newsletter-Oct-2024_FA-V3-1-1-1.pdf\">Find out the rest, Click Download<\/a><a href=\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2024\/10\/IQI-Monthly-Newsletter-Oct-2024_FA-V3-1-1-1.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-200e544c-d30f-4596-823e-ac5c4b0c7293\">Download<\/a><\/div>\n\n\n\n<p>To receive the latest news, insights, and trend on real estate, click the image below and join our Whatsapp channel!<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/whatsapp.com\/channel\/0029VaFILv0HFxP5UsI4Y93g\"><img fetchpriority=\"high\" decoding=\"async\" width=\"626\" height=\"310\" src=\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2024\/10\/WhatsApp-Image-2024-10-23-at-10.41.01-AM.jpeg\" alt=\"\" class=\"wp-image-96859\" style=\"width:407px;height:auto\" srcset=\"https:\/\/iqiglobal.com\/blog\/wp-content\/uploads\/2024\/10\/WhatsApp-Image-2024-10-23-at-10.41.01-AM.jpeg 626w, https:\/\/iqiglobal.com\/blog\/wp-content\/uploads\/2024\/10\/WhatsApp-Image-2024-10-23-at-10.41.01-AM-300x149.jpeg 300w, https:\/\/iqiglobal.com\/blog\/wp-content\/uploads\/2024\/10\/WhatsApp-Image-2024-10-23-at-10.41.01-AM-370x183.jpeg 370w, https:\/\/iqiglobal.com\/blog\/wp-content\/uploads\/2024\/10\/WhatsApp-Image-2024-10-23-at-10.41.01-AM-446x220.jpeg 446w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/a><\/figure>\n\n\n\n<p><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>Do you actually keep up with the on-going trend in Malaysia&rsquo;s Property market? In recent times, Malaysia&rsquo;s Property market has been going through changes with rising trends and challenges. But does that put an effect on homebuyers and investors alike? Here&rsquo;s A Quick Recap According to Muhazrol Muhamad, GVP, Head of Bumiputera Segment; As of&hellip;<\/p>\n","protected":false},"author":39,"featured_media":96864,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"footnotes":""},"categories":[222],"tags":[10810],"class_list":["post-96068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","tag-genius-invest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.1 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Malaysia&#039;s Property Market Snapshot: 2024 Review<\/title>\n<meta name=\"description\" content=\"Malaysia&#039;s Property market is changing in trends along with rising challenges. 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