[Sponsored Post] The Mate @ Damansara with rental certainty and tenants’ quality Renting out a property is not easy but managing it is harder Some
Press Release: KL Wellness City Poised to Invigorate the Medical Tourism Industry in Malaysia Kuala Lumpur, 10 January, 2023 – Following the opening of borders
“Charles, we have too many affordable apartments being built today. This will soon collapse the market.” I still remember this statement from a friend (not a good friend, not a close friend, just a friend) many years ago. Well it was before Covid’s arrival. It was at a time when every developer were telling the world that their affordable project is the best affordable one. Somehow, it scared my friend who thought that property price will collapse when there are too many affordable apartments being built.
I graduated in July 1998. Yes, now you know my generation is known as the Gen-X. It was in 1994 that I started that I enrolled in Inti Subang Jaya for my degree. At the time, all the colleges in Subang Jaya or Bandar Sunway does not have the attractiveness of today. In fact most of them do not even have University status! They are merely colleges and they could not even grant degrees at the end of the studies.
Kuala Lumpur, 15 December 2022 – The Malaysian property market will continue to face challenges as it moves towards recovery in 2023, according to PropertyGuru Malaysia’s Property Market Outlook Report 2023. This comes on the back of continuous economic and political instability in the country, resulting in an overall downcast in consumer sentiment.
Recently, the National Property Information Centre (NAPIC) published statistics showing that there were a total of 188,000 property transactions worth RM84.4 billion within the H1 2022 alone. For many years, the total transactions in the second half was higher. If we have the same trend for 2022, then it means that the total transactions would be more than just a double of the H1 2022 number.
Confidence is growing in the property market based on the JPPH Q3 2022 performance review. Quarter 3, 2022 (July – September), seemed to have been a tumultuous period in view of the then pending 15th general election and the many uncertainties that besieged the country. This always causes concern for real estate practitioners as we are unable to chart the course and direction of the property market in that respective quarter.
All the winners in the 9th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my Consumers, experts choose the Gold Standard of real estate at the
KUALA LUMPUR (Nov 29, 2022): Property developer ParkCity Group’s first integrated development at its award-winning township of Desa ParkCity in Kuala Lumpur has received overwhelming response with 73% of its residential units taken up at its Priority Sales event over the weekend of Nov 26 and 27.
Besides the stock market which may reflect the economic situation, developer’s sales results are also another way to know if the economy is doing well or not. Imagine an econmy where unemployment is high. Salary earners would be worried and definitely will not make any house buying decision until they feel certain that their current job is certain. This is why during a slowdown, property developers will feel the pressure because many buyers may not be thinking of buying a property.
As per Department of Statistics, Malaysia, the median salary of someone working in Kuala Lumpur is RM10,549 while the median salary for someone working in Selangor is RM8,210. That means one would earn up to 30% extra per month if one were to work in KL instead of Selangor. Just need to note that this is median and that KL would have more of the high paying jobs because someone working within the KL CBD cannot be having a lower pay than someone working in Kajang. Else, better work in Kajang lah since properties in Kajang is much cheaper than KL.
I bought my first high-rise unit in 2003. It was then followed by another high-rise and another and well, high-rise units in 6 cities / towns in Malaysia. I only bought my first landed property in 2020 yeah. So, 17 years of just high-rise units. Did I have any price appreciation at all? Haha. When I speak in any events in the future, do ask me yeah. Will tell you all about it. In the mean time, let’s look at actual numbers from iProperty.com.my’s latest media release.
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