Malaysian Property Market to See Continued Demand in 2025

The Malaysian property market in 2025 is expected to continue seeing steady demand for residential properties, especially affordable housing. AmInvestment Research, in a recent report, said the local residential property market is anticipated to maintain its momentum going forward. Demand for residential property was robust in the first half of 2024 with total number and value of residential property transactions rising by 6.1% and 10.

4% year-on-year respectively, based on the National Property Information Centre (Napic).\'We expect the momentum to continue due to favourable government policy to support the affordable housing segment, relaunching of the Malaysia My Second Home programme and sustained positive labour market conditions,' the research house stated. Meanwhile, an analyst told StarBiz demand for industrial properties and affordable homes have been steady. 'Demand for industrial properties has picked up significantly since the Covid-19 pandemic, while affordable housing will always be sought after by potential buyers,' he said. According to Napic, the third quarter of financial year 2024 (3Q24) saw a slight increase in both volume and value of housing transactions, with 70,520 units recorded (3Q23: 68,561 units) worth RM28.74bil versus RM28.36bil a year ago. Overall, the property market performance improved with the number and transaction value rising by 3.1% and 0.3%, respectively. This comprises 112,305 transactions valued at RM57.31bil, compared with 108,993 transactions worth RM57.14bil in 3Q23. Phillip Capital Research said property transactions in the first half of 2024 trended positively, with value and volume posting a 10% and 6% y-o-y growth, respectively. 'The affordable housing segment (below RM300,000) remained the primary driver, accounting for more than 53% of total residential transactions and signs of gradual easing in the overhang'

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