Property price Malaysia: Yes, Q-o-Q, it’s negative!
This title is dedicated to all the property buyers who said they were waiting for property prices to drop before they jump into the property market and buy their dream property. Negative number means property price on average is dropping, especially if we compare the Q2 2021 to Q1 2021. It is a negative 1.6% for quarter on quarter.
This is the latest information from National Property Information Centre (NAPIC) of Valuation and Property Services Department (JPPH). If you like to click and download their file, do click here.
Negative price growth Quarter on Quarter means opportunity, right?
Please do take a closer look at all the quarters as per the above image from NAPIC yeah. From Q1 2016 all the way to Q2 2021, what do we see? How many quarters were the price showing negative growth? There were TWO of such quarters. In Q4 2019, when compared to Q3 2019, the price growth was a negative 0.3%. It is now negative 1.6% for Q2 2021 vs Q1 2021. Would it continue to be negative next quarter? Your guess may be better than mine.
Positive price growth Quarter on Quarter means opportunity, right?
If we are investing because we want continuous price appreciation, then looking at the image above, it does seem that property is a long term investment right? Would you like to stretch this price growth numbers over a longer term? Instead of 2016, let’s look at 2020 instead? Image of Malaysia House Price Index (MHPI) as below.
Happy deciding. Waiting is perfectly fine too. Just remember to do something while waiting. Are you waiting to buy a property? Me too.
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