Real Estate News
-
Klang Valley rental market is recovering
What’s going on here? According to PropertyGuru Malaysia, the median rental price for the best high-rise residential properties in Kuala Lumpur and Selangor increased by double-digit percentages in 1H22 compared to 2H21. What does this mean? The platform has observed a 34% search increase for rental properties in H122. With the rising interest rate and…
-
Growth Expected To Remain Robust
What’s going on here? The economy is expected to remain buoyant this year, underpinned by strong domestic spending on the back of the reopening of the economy and increased tourist arrivals. What does this mean? According to the Statistics Department, the real GDP is anticipated to grow 5.1% year-on-year (y-o-y) in 2022, while some economists…
-
Budget 2023 For The Real Estate Sector
What’s going on here? The national budget unveiled a total expenditure of RM372.3 billion in 2023, where the allocation is spread to RM272.3 billion for operating expenditure, RM95 billion for development expenditure and RM5 billion for the Covid-19 Fund. What does this mean? For the real estate sector, buyers of houses priced between RM500k and…
