iProperty.com Asia Property Market Sentiment Report 2015 (H1)

iProperty.com Asia Property Market Sentiment Report 2015 (H1)

The 7th iProperty.com Asia Property Market Sentiment Survey Report 2015 showed that affordability continues to remain a major concern. The impact of the Goods and Services Tax (GST) has shown to not hinder respondents desire to purchase a property even though there are concerns that property prices will increase.

Key Findings in Malaysia:

  • Despite concerns of an increase and a slow-down in the property market with the implementation of the GST, the love-affair for property continues.
  • First time homebuyers are looking at purchasing property within the next 6 to 12 months and property investors are looking at purchasing within the next 6 months to 2 years from now.
  • The top three location of interest remains Selangor, Kuala Lumpur & Penang.
  • Majority of respondents have a budget of less than RM500,000.
  • The main motivation to purchase has switched from long term investment to the desire to own their own home.
  • Majority of respondents felt that the various affordable housing schemes introduced in Budget 2015 did not address the need for affordable housing in the country.
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