Prices in Malaysia have flattened considerably over the past 12 months as a result of Government cooling measures and the upcoming election.
The combination of policymaker’s intervention and the “wait and see” attitude prospective buyers have adopted towards residential property in light of the election has meant prices have leveled off.
Knight Frank’s latest Asia-Pacific Residential Review looks in more depth at the cooling measures that have been brought in across the region over the last few years, examining the type of policy used and the impact they have had on the market.
The above timeline looks at the change in both prime and mainstream residential property prices since 2008.
Following the results of the upcoming election, we expect Malaysia will experience a rebound in activity in its residential property markets.