According to Malaysian think tank, The Centre, 73.19% of women prefer to buy homes or continue living in their own properties versus 70.14% of men. 

Malaysia’s property transaction value hit RM196.83 billion in 2023 — the highest ever recorded by the National Property Information Centre (Napic).

The imminent service tax hike and the implementation of luxury goods tax this year could weigh on consumers’ sentiment, but the impact is yet to be seen for CapitaLand Malaysia Trust (CLMT), said the trust’s chief executive officer Tan Choon Siang.

Abdul Rahim said the market in 2023 overall had pulled through with positive growth at a more moderate pace compared with the growth in 2022.

The event gathered stakeholders from more than 40 organisations, including those from government agencies, property developers, associations as well as financial institutions.

Amidst a Cabinet reshuffle and the unpredictable embers beneath the political landscape of 2023, the Local Government Development Ministry, now renamed Housing and Local Government Ministry (KPKT), managed to have a productive year.

Throughout 2023, EdgeProp has delivered numerous industry stories to ensure you stay well-versed and empowered in navigating the property landscape. Dive into the highlights below as we bid farewell to the passing year.

The government is looking at releasing more net energy metering (NEM) quotas for rooftop solar installations for residential, commercial and industrial buildings before the year ends, as the existing quota that was expanded this year was filled up last week.

A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023).

We provided our data-based analysis that contradicts the prevailing myth that housing is generally unaffordable in Malaysia. At the prevailing median household income of RM5,209 a month, and allowing 50% of disposable income (of RM4,543 a month) to be spent on fixed commitments (home mortgages and instalments on car loans), it translates into a median affordable house price of RM350,000, higher than the RM330,000 median house price for all of Malaysia in 2022, according to the National Property Information Centre (Napic)