Current perspectives on the real estate markets and economy in Malaysia in 2023 and 2024 recently viewed by real estate experts in Malaysia.  They were developers, financiers, consultants and the like who attended the 50th Anniversary Party of the Sabah Real Estate Developers Association in Kota Kinabaru, Sabah, Malaysia.

 

Recently, Dr.Sopon Pornchokchai, President, Agency for Real Estate Affairs (www.area.co.th) as the President of FIABCI-Thai was invited by the Sabah Real Estate Developers Association to join its 50th Anniversary in Kota Kinabaru on November 3, 2023 where 1,000 Malaysian participants joining it.  Dr.Sopon conducted this survey from those participants who are experts in real estate, mostly developers and the like.  The number of respondents was 40 Malaysian participants.  This number was small but enough to reflect some insights. Some interesting findings were as follows:

 

 

Experts in Malaysia viewed that the country’s economy in 2023 as quite moderate (assessed at 6.2 out of 10).  The economy in 2024 was rated slightly worsened at 5.8.  Therefore, the future economy of Malaysia might not be satisfactory.  Likewise, real estate markets were assessed to be quite moderate at 6.3 out of 10 as well.  It was forecasted to be 6.1 out of 10 in 2024.  Real estate markets in Malaysia may still be in a struggling period in 2024.

 

 

Commercial properties were among the most popular in Malaysia.  It was 38.4% of the opinion.  As a whole, residential developments were 30.1%.  Then industrial properties were viewed at 26.0%.  In the case of housing, low-rise landed housing was the most promising sector in Malaysia perhaps particularly in Sabah.

 

 

EcoWorld was considered the largest developers at 14.5% followed by SP Setia (12.0%), Mah Sing (10.8%), Aton Group, Hap Seng and Sime Darby each at 8.4% and Sunway at 7.2%.  There are many other names appeared; however, most of them were local developers in Kota Kinabaru and Sabah State as a whole.

 

 

Considering the largest cities with real estate developments, Kuala Lumpur and its vicinity cities were the first in the priority at 29.2%  Penang as a whole were assessed at 20.5% as the second in the priority.  Then it was Johon Bahru (17.5%), Melaka (14.0% and Kota Kinabalu (8.2%).  There were other cities at 10.5%

 

Current perspectives on the real estate markets and economy in Malaysia in 2023 and 2024 recently viewed by real estate experts in Malaysia.  They were developers, financiers, consultants and the like who attended the 50th Anniversary Party of the Sabah Real Estate Developers Association in Kota Kinabaru, Sabah, Malaysia.

 

Recently, Dr.Sopon Pornchokchai, President, Agency for Real Estate Affairs (www.area.co.th) as the President of FIABCI-Thai was invited by the Sabah Real Estate Developers Association to join its 50th Anniversary in Kota Kinabaru on November 3, 2023 where 1,000 Malaysian participants joining it.  Dr.Sopon conducted this survey from those participants who are experts in real estate, mostly developers and the like.  The number of respondents was 40 Malaysian participants.  This number was small but enough to reflect some insights. Some interesting findings were as follows:

 

Experts in Malaysia viewed that the country’s economy in 2023 as quite moderate (assessed at 6.2 out of 10).  The economy in 2024 was rated slightly worsened at 5.8.  Therefore, the future economy of Malaysia might not be satisfactory.  Likewise, real estate markets were assessed to be quite moderate at 6.3 out of 10 as well.  It was forecasted to be 6.1 out of 10 in 2024.  Real estate markets in Malaysia may still be in a struggling period in 2024.

 

 

Commercial properties were among the most popular in Malaysia.  It was 38.4% of the opinion.  As a whole, residential developments were 30.1%.  Then industrial properties were viewed at 26.0%.  In the case of housing, low-rise landed housing was the most promising sector in Malaysia perhaps particularly in Sabah.

 

EcoWorld was considered the largest developers at 14.5% followed by SP Setia (12.0%), Mah Sing (10.8%), Aton Group, Hap Seng and Sime Darby each at 8.4% and Sunway at 7.2%.  There are many other names appeared; however, most of them were local developers in Kota Kinabaru and Sabah State as a whole.

 

Considering the largest cities with real estate developments, Kuala Lumpur and its vicinity cities were the first in the priority at 29.2%  Penang as a whole were assessed at 20.5% as the second in the priority.  Then it was Johon Bahru (17.5%), Melaka (14.0% and Kota Kinabalu (8.2%).  There were other cities at 10.5%