PropertyGuru Malaysia Property Market Index Q1 2020
The PropertyGuru Malaysia Property Market Index Q1 2020 looks over the key property data points across key states in the country and illustrate the trends that may unfold as we enter the first quarter of 2020.
In this report, we will dive deeper into aspects that could affect asking prices across the key states and what to watch out for in 2020.
The overall MPMI for the country dropped by 1.04 index points from 89.94 in Q3 2019 to 88.90 in Q4 2019, representative of a longer-term decline.
These adjustments, in conjunction with Bank Negara Malaysia’s (BNM) recent Overnight Policy Rate (OPR) revision and Budget 2020’s emphasis on rent-to-own (RTO), serve to make property in Malaysia a buyers’ market in the near term.