[Malaysia] – MALAYSIA PROPERTY MARKET PREDICTION POST PANDEMIC IN 2020

#propertymarketprediction #post2020 #malaysia #realestatetrend
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First half of 2020 coming to an end soon (we are now in last week of June).
What’s going to happen in our local real estate market post Ms Rona pandemic?

Here are the 7 factors that would drive up the property market:

1. Interest rates : Our current interest rate is at historical low of 2.0 versus averaged 3.0. Borrowing become cheap and would motivate people to buy
2. Zero RPGT – favourable to the property market
3. Economy – we have now entered into RMCO unit 31 Aug 2020, where businesses are opening up in phases including airline and hotel.
4. Consumer confidence – At the same time we see rising unemployment but also bullish stock market (contradictory??!!), depends on which one consumer are focusing on.
5. Government Stimulus – have been laid in place various measures. Current environment very favourable for those who are prepared. Click here for the full stimulus package :https://youtu.be/r4ZmbDsilTs
6. Rise in rental demand forecasted in the mass market – rental below RM2k per month basing on Malaysia median income.
7. Demographics – dominated by young population, median population in the age of 28-29. This factor is important in boosting the property demand and prices in near future.

THE FUTURE TREND OF PROPERTY MARKET IN MALAYSIA :

1) Post September 2020 – more distressed seller coming into market as loan moratorium ended, increased inventory
2) Post December 2020 -Non Performing Loan of banks will be growing
3) Post March 2021 – Auction properties growing
4) Post Dec 2021 – with low interest rate etc (expansionary measures in place) expect a recovery soon

Right now, in June 2020, property market is moving albeit slowly. This would be a great window period for seller to price their property competitively and sell it off. Come end September 2020, when loan moratorium ends, most homeowners won’t be able to make their mortgage payments (those whose income/job got affected by this pandemic ), so they will have to panic sell. A lot of distressed sellers will show up into the market. Buyers suddenly have more options, and prices will fall further.

It’s now a hot market for buyers. Low interest rates, HOC, free MOT, stamp duty, LTV 70% removal, low prices.

If you surely need to sell off your property this year, now is the right time, this window period, before the big shift happens.

What should a property agent do?

Focus on motivated sellers (e.g. distressed sellers, airbnbs property, downsizers).
Remember to price your listings ahead of the market. The faster it sells, the better price it will get. This is the most crucial in such unprecedented and declining market.

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