Challenges ahead for residential property market, says PropertyGuru

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Challenges ahead for residential property market, says PropertyGuru_MY

DataSense, PropertyGuru’s market data and analytics platform, captured downward trends in the sale demand index as property enquiries dropped 5.6% quarter-on-quarter .However, the sale price index saw asking prices of properties listed on PropertyGuru’s website rose 1.6% quarter-on-quarter in 2023. Rental saw a decline, with the rental demand index falling 6.3%, likely due to substantial hikes in rental prices. This was reflected in the rental price index increasing by 4.7% q-o-q.

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