Malaysian property market shows modest growth

Malaysia’s property market is witnessing a modest revival, although it remains far from the highs of 2011, according to industry analysts. While property sales have risen in the past year, major developers have yet to return to pre-pandemic figures. Challenges include stagnant property loan applications and economic concerns. However, RHB Research analyst, Loong Kok Wen, remains bullish about Johor’s property prospects, influenced by a proposed mixed development near the Johor Baru-Singapore Rapid Transit System (RTS) route. This project, coupled with government incentives for Iskandar Malaysia, could set new price benchmarks. Major developers like Sunway Bhd, Eco World Development Group Bhd, and Mah Sing Group Bhd are likely beneficiaries given their substantial land holdings in the region.