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Category: News

Press Release

PropertyGuru study: Property purchasing intent remains for 56% of Malaysian respondents despite economic challenges

KUALA LUMPUR, 20 September 2023 – PropertyGuru Malaysia released its biannual Consumer Sentiment Study (CSS) for H2 2023, which revealed that more than half or 56% of the Malaysian respondents surveyed are keen to enter the property market sometime in the next 1 year. Despite rising property prices and continuous economic challenges, the purchasing intent of potential homebuyers remained constant when compared to the previous CSS installment (55%).

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crop unrecognizable office worker standing with papers in hand
Malaysia

REHDA: Increase in legal fees will burden the property buyers

I think this is a common thing right. We love that bowl of noodle X but we did not like it when the price is increased, again. We may stop eating it for a while but after a while we may accept it and continue eating it again unless if there’s a cheaper alternative. If there’s a cheaper alternative Y which is just as good, we would now continue that new alternative and will forget this expensive bowl of noodle X, right? Well, what happens if there’s no alternative then? Just one choice and the choice is compulsory? Yeah, that’s when acceptance is a given.

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white paper on a vintage typewriter
BNM and Economy

OPR is maintained at 3 pct because of a few valid reasons

Until today, I still have friends who continue to think the Malaysian economy is collapsing soon. I wonder what would they really do if that happens. Get an opportunity to buy great assets at super low prices? Property in a popular neighbourhood at the price of a not popular neighbourhood? (yeah, sure…)

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asian man standing on platform in underground
HSR - MRT - LRT - BRT

Good news yeah. LRT Penang is now under MRT Corp

They are the company responsible for MRT lines in Malaysia. Kajang Line, Putrajaya Line and right now the MRT Line 3 also known as the MRT3 Circle Line. It is also responsible for the RTS Link between JB and Singapore too. Now, it will also be responsible for LRT Penang. Before this, LRT Penang was under the Penang Transport Master Plan (PTMP) and the project delivery partner for it was SRS Consortium Sdn Bhd.

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