If we use the available property transaction numbers for comparison, we have the Q3 2024. In comparison to all the Q3s for the past years, we can see a clear trend of an increasing number of property transactions. Take a look below:
Over the past decade, IJM Rimbayu has materialised from an initial ambitious vision into a dynamic township that epitomises the future of suburban living. Home
Do you feel that the property price is already too high? Double storey landed terrace homes starting from close to RM1 million? Must be a joke inside a dream, maybe? Well, in some areas, this same property is now RM1.6 million or higher. Surely only the landed properties can be at this price?
This is not a question for individual sellers but also developers. As an individual, I would not even sell my property for less than the amount I paid. That’s the reason why when we look at transaction prices, it is more likely to show a moving up trend and not a moving down trend. Except for the financial crisis days, those days, everyone is trying to outdo everyone else in selling lower. Except for those who could hold, then nothing happens and after that price bounced back up.
Well, cutting rates usually indicate a slowing down of economic activities or even a potential slowdown in the near future. Thus, instead of cutting 50 basis points later, the central bank may prefer to lengthen this whole process and just cut 25 basis points earlier and another 25 basis points later. Who knows, maybe this 25 basis point could have the right effects on the economy and no further rate cuts are needed?
Industry experts expect Terrace houses to perform well in 2025, according to new insights released today by Irhamy Ahmad MRICS, Chartered Valuation Surveyor and CEO and Founder of Irhamy Valuers International, a part of Juwai IQI.
Old Klang Road is one of Kuala Lumpur’s most vibrant and historic thoroughfares. It has long been a dynamic hub of energy, where the established rich texture of the community is infused with a new zeal for life. This evolution ensures continuity in culture, commerce, and convenience, enhancing the area’s livability and marking the introduction of Gen Starz Residences as a significant addition to Old Klang Road’s vibrant community.
This trend was one-off and total residential property transactions has breached 120,000 units for H1 2024. Perhaps this is also showing the confidence of the people with a rising ringgit, a lot more positive news about data centers, new FDIs etc. Plus the fact that Bursa Malaysia has also been doing pretty well due to the participation of foreign funds too. If we compare H1 2024 to H1 2022 instead, the increase is lower than 6.1 percent (versus H1 2023) but is still a positive 4.98 percent.
I picked just one slide for this first article about the property market in Malaysia. For an overview, we just need to know two things when it comes to property market dynamics yeah. When times are not so positive for the property market, people tend to hold back their purchases. That’s why we will see total transactions falling tremendously. Just take a look at the years during Covid-19. No one could do anything…
SELAYANG, 2 September 2024: The 660 units in Block C of 168 Park Selayang comprising commercial units and designer suites is now completed and ready for vacant possession, with the first letters going out to its respective owners on Aug 30, 2024.
No matter who the person is, if the person tells you that buying this property is sure success because it’s near the MRT, please think again. The reason is because if there’s such a thing, everyone would already know and everyone would have been faster than us. In other words, when we learnt about it and we wanted to buy, the price has already moved upwards.
I like to ask everyone, when someone says luxury property, what’s the price point which we are talking about? RM800,000? RM900,000? RM1 million? Erm… I think these days, RM1 million property may just be sub-luxury. A typical double-storey terrace home in a properly planned township would already be close to RM1 million if not higher. The location is not even within any mature neighborhood. Else, it will be even higher than RM1 million.