The latest PropertyGuru Malaysia Consumer Sentiment Study H2 2024 polled 1,181 respondents across Malaysia via an online questionnaire between 4th June 2024 and 26th June 2024.
The respondents comprise a mix of white-collar professional workers, businessmen, and more in the following income brackets: low-income (41%), middle-income (38%), and high-income (20%). The age groups of the respondents were divided into five categories: 22-29, 30-39, 40-49, 50-59 and 60 years old & above.
Affordability continues to be a challenge, particularly for young Malaysians, as they try to adapt to the rising cost of living, higher interest rates and difficulty saving for down payments. So, as more Malaysians turn to rent, it’s clear that solutions like rent control and standardised rental agreements are essential to ensure fairness in the rental market.
Here are the study’s key highlights that reflect current property seekers’ sentiments.
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