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Malaysian property market likely to bounce back only in 2022 due to Covid-19 and lockdowns, says Rahim & Co | Malaysia

Tuesday, 26 Jan 2021 02:00 PM MYT
BY KENNETH TEE
According to Rahim & Co, property transactions in Malaysia fell by 15.8 per cent and 21.6 per cent in volume and value compared to the same period in 2019. Reuters pic
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KUALA LUMPUR, Jan 26 ― The Malaysian property market is expected to rebound in 2022 and not the second half of this year as previously predicted, property consultant firm Rahim & Co International said today.
Its chief executive of real estate agency Siva Shanker attributed delayed recovery to the resurgence of Covid-19 cases that started last year and the ongoing movement control order (MCO) reintroduced by the government this year in all states but Sarawak. ....

Kuala Lumpur , Siva Shanker , Abdul Rahim Rahman , Propertyguru Internationalm Sdn Bhd , Rahim Co , Health Ministry , Rahim Co International , Property Market Review , Propertyguru International , Sdn Bhd , Tan Sri Abdul Rahim Rahman , குவாலா லம்பூர் , சிவா ஷங்க்கேர் , அப்துல் ரஹீம் ரஹ்மான் , ரஹீம் இணை , ஆரோக்கியம் அமைச்சகம் , ரஹீம் இணை சர்வதேச , ப்ராபர்டீ சந்தை விமர்சனம் , ஸ்டன் ப்ட் , பழுப்பு ஸ்ரீ அப்துல் ரஹீம் ரஹ்மான் ,

Property overhang to remain high in 2021

KUALA LUMPUR: The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd.
Its research director Sulaiman Saheh referred to Rahim & Co s Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala Lumpur recorded the highest numbers of overhang properties at 33,000 units, 8,700 units and 7,800 units respectively.
Other states such as Perak and Penang also posted higher numbers at around 4,000 units each.
Speaking to reporters after the release of the report today, Sulaiman said properties within the city or urban areas would see a strong demand and likely reduce the number of overhang property if prices were adjusted. ....

Kuala Lumpur , Sulaiman Saheh , Siva Shanker , Yue Kwong , Rahim Co International Sdn Bhd , Rahim Co Petaling Jaya Office , Rahim Co Real Estate Agency , Rahim Co Property Market , Home Ownership Campaign , Property Market Review , Real Estate Agency , Petaling Jaya Office , Choy Yue Kwong , குவாலா லம்பூர் , சிவா ஷங்க்கேர் , யூஎ க்குவோங் , ரஹீம் இணை சர்வதேச ஸ்டன் ப்ட் , ரஹீம் இணை இதழ்கள் ஜெயா அலுவலகம் , ரஹீம் இணை ப்ராபர்டீ சந்தை , வீடு ஓநர்‌ஶிப் பிரச்சாரம் , ப்ராபர்டீ சந்தை விமர்சனம் , இதழ்கள் ஜெயா அலுவலகம் , சோய் யூஎ க்குவோங் ,

Rahim & Co: Property overhang encouraged by unaffordability remains a persistent issue | Malaysia

Tuesday, 26 Jan 2021 02:59 PM MYT
BY KENNETH TEE
Sulaiman said that overhang stock comprised more non-landed units than landed units, with Johor, Selangor and Wilayah Persekutuan Kuala Lumpur remaining the top states with the highest number of overhang units. Picture by Hari Anggara
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KUALA LUMPUR, Jan 26 Property overhang spurred by unaffordability continues to remain a persistent issue in the real estate industry notwithstanding the Covid-19 pandemic, property consultant Rahim & Co International said today.
Rahim & Co director of research Sulaiman Akhmady Mohd Saheh said there were 57,390 units (residential, serviced apartment & SoHo units) worth RM42.49 billion as of the third quarter of 2020 (3Q2020), adding that property overhang remains a serious concern within the market. ....

Kuala Lumpur , Wilayah Persekutuan Kuala Lumpur , Siva Shanker , Sulaiman Akhmady Mohd Saheh , Hari Anggara , Rahim Co , Home Ownership Campaign , Rahim Co International , Property Market Review , குவாலா லம்பூர் , சிவா ஷங்க்கேர் , ரஹீம் இணை , வீடு ஓநர்‌ஶிப் பிரச்சாரம் , ரஹீம் இணை சர்வதேச , ப்ராபர்டீ சந்தை விமர்சனம் ,

Malaysian property market recovery stunted, delayed further to 2022

Malaysian property market recovery stunted, delayed further to 2022
From left: Siva, Rahim and Sulaiman displaying copies of Rahim & Co Research – Property Market Review 2020/2021.
PETALING JAYA: The Malaysian property market is expected to see a further delay in its recovery to 2022 due to the resurgence of Covid-19 cases and the reimplementation of the movement control order (MCO), according to real estate consultancy Rahim & Co International Sdn Bhd.
CEO of estate agency Siva Shanker said real estate analysts predicted last year that 2021 would see a recovery in the property market, not knowing that Covid-19 cases would rise to 4,000 levels.
“Now that it has (reached 4,000 cases) and there is another lockdown, it will affect the market as everything slows down and the ability of people to move around decreases. Because of high numbers and we’re back into the peak of the pandemic, that slated recovery of 2021 and projections for 2021 are probably going ....

Kuala Lumpur , Malaysia General , Sulaiman Saheh , Siva Shanker , Abdul Rahim Rahman , Rahim Co International Sdn Bhd , Rahim Co Research , Home Ownership Campaign , Property Market Review , Tan Sri Abdul Rahim Rahman , குவாலா லம்பூர் , மலேசியா ஜநரல் , சிவா ஷங்க்கேர் , அப்துல் ரஹீம் ரஹ்மான் , ரஹீம் இணை சர்வதேச ஸ்டன் ப்ட் , ரஹீம் இணை ஆராய்ச்சி , வீடு ஓநர்‌ஶிப் பிரச்சாரம் , ப்ராபர்டீ சந்தை விமர்சனம் , பழுப்பு ஸ்ரீ அப்துல் ரஹீம் ரஹ்மான் ,