The recent 2020 Property Market Report released by the Valuation & Property Services Department of Malaysia (JPPH) saw an 8.6% decline in residential property transaction volume as well as a 9% reduction in transaction value compared with 2019. However, Malaysia still has a significant property overhang problem despite showing some slight improvements in the latest report. There is still a high number of unsold properties in relation to demand, especially in prime areas such as KL, Selangor and Johor.
At the same time, the market is undergoing some adjustments post Covid-19 pandemic which also resulted in the drop of new project launches by the property developers. Adding to that, there could be a weak demand for housing due to unemployment issues, tougher credit accessibility imposed by the banks, low market sentiment among other factors, which have contributed to the issue of unsold properties in the country. With the emergence and utilization of big data, there is a huge possibility that companies will be able to access real time market data and make timely business decisions to meet market demand and help mitigate the issue of unsold properties in Malaysia.
Want to get in depth analysis of these data and how to utilize the latest property transaction trends data to help your company build the right product, at the right pricing in this current challenging market conditions? Good news is that REHDA Institute will be organising a one-day big data conference for the real estate and property development on 3 June 2021 via Zoom Webinar. Join us as we dissect the latest property market data transactions, identify market trends, explore the potential of big data, and other relevant topics from prominent industry experts.
REHDA Member: RM388
Non Member: RM588
For more information please contact:
Mr. Pearljit Singh | 03-7803 6006
For Sponsorship Opportunities:
Mr. Khairil | 016-925 8257
STAY TUNED FOR MORE INFORMATION!