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KUALA LUMPUR: Most property consultants are cautiously optimistic about the market this year, said Henry Butcher Real Estate Sdn Bhd COO Tang Chee Men. ....
In 2021, the volume of overall property transactions in Malaysia registered a marginal increase of 1.5% year on year (y-o-y) to reach 300,497 units while the value of transactions rebounded by 21.7% to record RM144.9 billion, according to statistics compiled by the Valuation and Property Services Department of the Ministry of Finance (JPPH). The property market picked up further in the first nine months of 2022 with an increase of 45.8% y-o-y in overall transaction volume to 293,206 units while value was up by 33.6% to RM131 billion. ....
Located 5km north of the heart of Kuala Lumpur, Sentul is a juxtaposition of pre-war buildings with their old-world charm and futuristic skyscrapers that punctuate the skyline. Steeped in history, the former railway hub went through a period of decline before YTL Land & Development took over the 294-acre Sentul Raya development from Taiping Consolidated Bhd and unveiled the Sentul Masterplan comprising Sentul East and Sentul West in 2002, which turned the place around. Fast forward to today, Sentul is especially well-known for the Kuala Lumpur Performing Arts Centre (klpac), which opened in 2005, and the Sentul Depot event space, which was officially opened by YTL Land in 2018. The area is also fast becoming a desired address to live in with iconic condominiums such as The Capers and The Fennel in Sentul East, and the upmarket The Maple condominium, which is situated in a park. ....
PETALING JAYA (Feb 1): The most positive scenario for the overall Malaysian property market in 2021 would be a slightly better performance than last year due to the start of the vaccination programme that would help in controlling the Covid-19 pandemic, according to Henry Butcher Real Estate chief operating oficer (COO) Tang Chee Meng. In presenting Henry Butcher Malaysia’s annual report on the review and outlook for the Malaysian property market in 2021 titled “HB Perspective 2021”, Tang also noted that the recent spike in Covid-19 cases and the subsequent moves by the government to curb the spread of the pandemic may delay the industry recovery to next year. ....
Last year was a tough one for almost all property sectors. According to data from the National Property Information Centre (Napic), in 1H2020, Malaysia’s property market transaction volume and value decreased 27.9% and 31.5% respectively compared with the previous year. While most property consultants believe there should be some recovery this year, it will depend on the Covid-19 vaccine as well as the performance of the job market and economy. Some consultants think there will be opportunities for investors in the auction market with foreclosures likely to increase, but others believe that owing to government intervention and the low interest rate environment, this might not be the case. On the other hand, this could be a golden opportunity for first-time homebuyers to purchase their dream home. However, as property is a long-term investment, the age-old advice of doing your homework and buying what you can afford continues to hold true. ....