Klang Valley, Property Market, 4Q 2023 ECONOMY / KEY INFRASTRUCTURE UPDATESFollowing a 3.0% growth posted in 4Q 2023, Malaysia’s full-year GDP normalised to 3.7% (cf. 2022: 8.7%).Resilient domestic expenditure, improved inbound tourism and higher investment drove growth in 4Q 2023.The Overnight Policy Rate (OPR) stayed at 3.0%, subsequent to the only hike of 25 basis points in May 2023. It is...
CBRE|WTW Market Outlook Report 2024 The Malaysian economy is expected to trend positively in 2024, despite various local and global challenges. The service sector will lead the way, with support from both domestic and foreign investments. The overall real estate sector should continue to improve in 2024 on the back of positive fundamentals in place. The importance of environmental, social, and...
Klang Valley, Property Market, 3Q 2023 ECONOMY / KEY INFRASTRUCTURE UPDATES In 2Q 2023, the Gross Domestic Product (GDP) grew by 2.9% (cf. 1Q 2023: 5.6%), weighed down by moderation and contraction in all sectors. Private consumption, which accounts for about 60% of the country’s GDP, slowed to 4.3% (cf. 1Q 2023: 5.9%). Domestic tourism expenditures remained robust, totaling RM21.9...
Property Market Performance 1H 2023 ECONOMIC OUTLOOKThe Madani Economy Framework, outlined in the recently released Retabled Budget for 2023, will play a central role in driving Malaysia's economic transformation.Resilient domestic demand will support moderate growth in 2H 2023 despite external limitations. Though private consumption softens, it is still poised to be the primary driver of growth.The...
Klang Valley, Property Market, 1Q 2023 ECONOMY / KEY INFRASTRUCTURE UPDATES The Malaysian economy grew slower in 1Q 2023 at 5.6% (cf. 4Q 2022: 7.0%, 1Q 2022: 5.0%) as support stimulus measures and low base effect waned. For overall 2022, the Malaysian economy rebounded by 8.7% (2021: 3.1%). Private sector activity remained the key driver, with private consumption growth of 7.5% y-o-y mainly driven...
Klang Valley, Property Market, 4Q 2022 ECONOMY / KEY INFRASTRUCTURE UPDATES The Malaysian economy continued its growth trajectory of 14.2% (cf. 3Q 2021: -4.5%) in 3Q 2022, led by key sectors of services, construction and manufacturing. The mining and quarrying sector returned to the green territory. Private consumption grew 15.2% y-o-y driven by growth in transport, restaurant and hotels, and...
CBRE|WTW Market Outlook Report 2023 2022 Year in Review: Malaysia has sailed the year with its GDP surpassing the pre-pandemic levels. Despite project headwinds for 2023, Malaysia's economy remains a relatively bright spot in Asia.Several key trends in the real estate industry are ESG and technology, apart from the awareness of sustainability to be factors of optimal returns and preservation of...
Klang Valley, Property Market, 3Q 2022 ECONOMY / KEY INFRASTRUCTURE UPDATES In 2Q 2022, the Malaysian economy grew at a rate of 8.9% (cf. 1Q 2022: 5.0%), supported by stable domestic and external demand. The key sectors of services and manufacturing) led the growth. An 18.3% growth in private consumption reflected increased consumer spending. The Overnight Policy Rate further increased to 2.5%...
Property Market Performance 1H 2022 ECONOMIC OUTLOOK The Malaysian economy is projected to improve further in 2H 2022 supported by firm domestic demand as well as external demand. The improving labour market and reopening of international borders will continue to stimulate further growth. Investment activities are expected to improve supported by the realisation of multi-year projects. Weaker global...
Klang Valley MarketView 4Q 2021 In 4Q 2021, the Malaysian economy grew at a rate of 3.6% (cf. 3Q 2021: -4.5%). All economic sectors improved, with the services and manufacturing industries leading the way. Domestic demand improved as the Governmental continued to support the labour market and external global demand. Core inflation increased marginally, averaging 0.8% during the quarter (cf. 3Q...
