Property sales rose in 2H 2015

PETALING JAYA: Property sales rose to about 18% in the second half of 2015 compared to the first half of 2015, although property launches slowed, according to a survey by the Real Estate and Housing Developers' Association Malaysia (Rehda).

In the first half on 2015, 5,195 units were sold compared to 4,371 unit sold in first half of 2015.

The survey showed 62% of respondents reported that unsold units mainly from Selangor, Johor and Pahang in the second half of 2015 from 78% in the first half due to better sales.

Rehda president Datuk Seri FD Iskandar said sales for low cost houses and single-storey terrace units saw a pick up in the second half of 2015. Bigger residential units such as bungalows and semi-detached units also saw an increase during the period.

“Developers see that home seekers are sensitive to price, hence they will modify their launches to more smaller-sized units,” he told reporters during his presentation on the property industry survey 2H 2015 and market outlook for 2016.

He said that high-rise properties remain popular among home-buyers.

Iskandar expects property prices to remain stable with houses priced between RM200,000- RM1mil to lead the market.