Property mart trends to expect in coming year
Published on: Wednesday, December 28, 2022
By: David Thien
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“This indicates that even with slower demand, prices continued to increase in line with the current economic conditions as Malaysians continue to hold back on property purchases in view of revisions to Budget 2023,” PropertyGuru Country Manager for Malaysia, Sheldon Fernandez said.
Kota Kinabalu: PropertyGuru foresees several trends that will impact the Malaysian property sector in 2023. Among them include:- Environmental concerns will affect homebuyers’ preferences: More Malaysians are now concerned following the flood disaster as the late 2021 and early 2022 floods resulted in losses and damage of up to RM6.1 billion.
In the CSS H2 2022, 92 per cent of the respondents highlighted home flooding as their main concern, while 83 per cent were concerned about landslides.
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