JUST about a month ago, the National Property Information Centre (Napic) released the Malaysian housing data for the first quarter (Q1) period ended 2019. There are several interesting findings from the state of the Malaysian property market in the first quarter, especially for homebuyers but definitely not for developers, as overhang remains elevated.
The good news is that the Malaysian median home prices have now declined to RM268,000, which is the level last seen five years ago in 2014 when median prices were at RM270,000. First quarter 2019 median price was also 11.6% and 9.7% lower than the peak price of RM303,000 and RM296,944 in 2017 and 2018 respectively.
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