Property Market Stats
The property market performance is rebounding across all sub-sectors in 2010. 2009 recorded a stabilised total of
transactions at 337,859 versus 340,240 transactions in 2008. To date, Q1 2010 has recorded 23.9% of sale of new
launches, better than the performance of all quarterly sales recorded in 2009. On the local residential front, REHDA's (Real Estate & Housing Developers Association) continuous effort in promoting home ownership via the Malaysia Property Expo (MAPEX) saw atotal of 56,674 residential units worth RM16.18billion offered for sale. The industrial sub-sector softened in 2009 as foreign investments into manufacturing declined significantly to RM22.1billion in 2009.
To date, the performance of the property market is positively bolstered by severalmeasures introduced in Malaysia's Budget 2009:
Housing sub-sector
RM50million allocated under the Housing Assistance Programme and RM330million allocated to Jabatan Perumahan Negara.
Commercial sub-sector
Cencerted effort to make real estate investment trusts (REITs) more appealing to foreign investors i.e. tax cut from 20% to 10% on dividends received by foreign institutional investors from REITS and 15% to 10% for individuals.
