CBRE|WTW Market Outlook Abridged Report 2021 Malaysia recorded a Gross Domestic Product (GDP) contraction of 2.7% in 3Q 2020 q-o-q as compared to 2Q 2020 ( 17.1%). Nevertheless, Bank Negara Malaysia (BNM) anticipates a contraction between 3.5% and 5.5% of GDP growth in 2020. In terms of recovery momentum, manufacturing (3.3%) and construction ( 12.4%) showed the...
CBRE|WTW Market Outlook Report 2021 Malaysia recorded a Gross Domestic Product (GDP) contraction of 2.7% in 3Q 2020 q-o-q as compared to 2Q 2020 ( 17.1%). Nevertheless, Bank Negara Malaysia (BNM) anticipates a contraction between 3.5% and 5.5% of GDP growth in 2020. In terms of recovery momentum, manufacturing (3.3%) and construction ( 12.4%) showed the strongest resilience and...
According to Bank Negara Malaysia, GDP growth is expected to contract between -2.0% and 0.5% by year end amid the impact of Covid-19.
According to Bank Negara Malaysia, GDP growth is expected to contract between -2.0% and 0.5% by year end amid the impact of Covid-19.
According to Bank Negara Malaysia, GDP growth is expected to contract between -2.0% and 0.5% by year end amid the impact of Covid-19.
Malaysia’s GDP moderated to 4.4% in 3Q2019 (2Q2019: 4.9%), attributed to lower growth in services (5.9%), manufacturing (3.6%), construction (-0.5%) and mining (-4.3%).
Malaysia’s property market gained traction as transaction activity in 3Q 2019 went up by 5.6% to 83,186 transactions and 4.7% to RM34.7 billion respectively from the same time last year. Klang Valley (KV), which constitutes about one-quarter of Malaysia’s property market, grew by 1.3% in volume to 77,241 in 2018 but transaction value declined by 2.7% from 2017 to RM65.7 billion. 3Q 2019 saw an improvement when transaction volume expanded 7.7% (20,626 transactions) while value increased 13.7% (RM15.8 billion).
Malaysia’s GDP improved at 4.9% in Q2 2019 (Q1 2019: 4.5%) contributed by mining and quarrying (2.3%) , manufacturing (4.3%), and construction (0.5%).
Klang Valley’s property market displayed signs of recovery with diminished contractions in transaction volume post-2016. Residential sector will still be the main market with more strategic developments and launching anticipated moving forward. Older commercial properties would have to be proactive to hold up to the intensifying competition from newer developments. For the hotel sector, new entrance are still active despite fluctuating tourist arrivals. Last but not least, industrial sector has been picking up attention, evidenced by the line-up of industrial property or land in the significant deals concluded in 2018.
The property market continued to soften in 3Q 2017 although the decline was much milder than our anticipations at the end of 2016. There were over 229,543 transactions worth RM102.29 billion, a decline of 5% in volume but rise of 7% in value, compared to 3Q 2016.