Property Market Malaysia: Transactions, Launches and Overhang Trends
Transactions Volume Trend 2018 – 2022
Transactions Volume should show an increasing trend. We could see that the number of transactions for 2022 was 389,107 units and this seems like an increase of over 89,000 units from 2021 but let’s note that 2020, 2021 were the two years where Covid-19 effects were still visible. Thus, if we take 2020, 2021 and 2022 and we add them up and then divide it by 3, we will get 328,522 and this is almost equal to the number in 2019. In other words, the 2022 included pent-up demands too which could not happen in 2020 and 2021.
Three major states with biggest number of property launches
Selangor, Kuala Lumpur and Johor are the three states with the biggest number of property launches. In terms of the price of the new launches, I think the number is skewed towards affordable price properties which are the government’s focus. We just need to ensure these are units which are wanted by the people and not just built for the numbers.
Overhang Trends 2018 – 2022
For this chart, it should not be showing an increasing trend yeah. Else, definitely not a good news. If we look at just 2018 – 2022, the total overhang trend in terms of units and also value is actually on a decreasing trend. From 31,313 units in 2018, it increased to 36,863 units in 2021 and is down to just 27,746 units in 2022. Hopefully we will see an even lower number for 2023.
Happy understanding and looking through the actual numbers versus listening to your FB friends yeah. By the way, the ones who did not buy are usually the ones who claim property prices are too high. Meanwhile the ones who own properties are usually the ones who prefers that property prices continue to move up versus downards. As for all the ones in the real estate industry, rest assures that usually things are rosy… So, sometimes it’s good to know more so that we can decide better.
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