The 9th Asia Property Market Sentiment Report revealed consumers’ sentiments for the first half of 2016. The survey was conducted from 7th December 2015 – 7th January 2016 across our market-leading network of property portals in Malaysia (iProperty.com.my), Indonesia (Rumah123.com and rumahdanproperti.com), Hong Kong (GoHome.com.hk) and Singapore (iProperty.com.sg) and polled close to 13,000 respondents.
Key Findings in Malaysia:
- Most respondents feel that it is a good time to buy properties but are concerned about affordability and rising property prices.
- Majority of respondents are still paying mortgages which have more than 20 years left for the property that they currently live in.
- Respondents’ main motivations to purchase a property are for long-term investment, rental income and affordability of homes.
- Despite the many housing programmes tabled in Budget 2016, respondents feel that more could be done to cater for the growing need for affordable homes in the country.