The iProperty Group, Asia’s No.1 network of property websites, is pleased to share with you what consumers think the property market in 2013 will be like. Conducted across four countries from December 2012 to January 2013, the survey polled over 17,000 respondents from Malaysia (www.iProperty.com.my), Indonesia (Rumah123.com), Hong Kong (GoHome.com.hk) and Singapore (iProperty.com.sg).
Here are some key findings on the Malaysian market:
- Most Malaysians have occupied their property for less than 5 years, similar to respondents in Indonesia, Hong Kong and Singapore.
- Affordability and rising house prices continue to remain the biggest concern of survey respondents.
- Respondents in Malaysia have a budget of less than RM 500,000 to purchase property.
- Hot destinations of investments are Puchong, Petaling Jaya and Cheras, with private condominiums being the preferred option.