12th highest growth in the world – Malaysia property market

I read the original report in  According to the latest 12-month period ending September 2013, according to the Knight Frank Global House Price Index, the property market in Malaysia grew 10.2% to finish as no.12 best performer. The top performer is Dubai, with 28.5% rise within 12 months!  China was 2nd with 21,6% up and Hong Hong third with 16.1% up.

According to Knight Frank’s analysis, “The index now stands four percent above its previous peak in Q2 2008, and 12.7 percent above its financial crisis low in Q2 2009. Prices rose on average by 1.5 percent in the third quarter, taking annual price growth to 4.6 percent.”

I do not know how they get the number of 10.2% but I think 10.2% is considered quite high. No wonder so many cooling measures were put in place. 🙂  I think the results are starting to show, especially with the slowing down of the transactions except for Iskandar up till October. Waiting eagerly to see how much the market has slowed down, especially in Iskandar since foreigners now have many restrictions when buying; over RM1 million properties only as well as selling their properties to only foreigners.

The only good news may be Medini which has since been exempted but the catalyst would definitely be the bullet train as well as more details on the RTS emerging.

written on 15th dec 2013

Next suggested article: Gloom & doom in property market

Advertisements is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

We MUST change our usual ways. New Malaysia, right?

It’s always very unfortunate when accidents happen and it could have been prevented. Malaysia has had many of these happening within 2018 and I think the authorities have to serious in enforcing all necessary rules and regulations. Workplace accidents usually happen when proper safety management is not enforced either because the supervisors are not serious […]

Read More

Free homes but you need to be of working age.

Homes in Tokyo is pretty expensive. It’s easily on the top of any world city ranking for house price. According to one recent number this year, the average new home price in Tokyo is US$603,000 (RM2.5 million) While no size was mentioned but Japanese are not known to love huge houses. Here’s that article in […]

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 898 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: