Findings from the Consumer Sentiment Study show that the COVID-19 pandemic has created opportunities and hardships for many Malaysians who are looking to purchase a home. While the desire to own a home in the future remains strong among Malaysians, others continue to face challenges in their home ownership with hopes of more government and developer efforts to make housing affordable.
In a nutshell, the pandemic’s effect on the way Malaysians view home ownership is more prominent now. Insights gathered from the Consumer Sentiment Study show confidence in the property market for long-term capital appreciation, increasing desire for home ownership and the importance of owning a conducive living space. However, the inability to find and own a property within their budget remains a challenge that needs to be addressed to help spur the property market.
Insights from our previous Consumer Sentiment Study
Want to understand more about the asking price performance in Q3 2021? Check out our interactive Malaysia Property Market Index Q3 2021 report here.