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In 2020, the Malaysia property market experienced an oversupply of residential properties amounting to 30,000 units, based on reports by the National Property Information Centre. This oversupply poses a significant challenge for the property sector, impacting both developers and potential homeowners. Overcoming these challenges requires understanding the market dynamics and implementing strategic measures to balance…
Exploring Short-Term Condo Rentals in Malaysia
Malaysia, as a melting pot of cultures and a burgeoning economy, has seen a sharp rise in the short-term condo rental market, particularly with the advent of digital platforms like Airbnb, Booking.com, and Agoda. These online services have revolutionized the way travelers book accommodations, offering a diverse range of options that suit various preferences and…
Mastering Property Management in Malaysia
Property management in Malaysia is a burgeoning industry that has grown significantly with the rapid urban development, especially since the early 2000s. It involves the administration of residential, commercial, and industrial real estate, including apartments, detached houses, condominium units, shopping centers, office buildings, and industrial property. With the rise in property ownership and real estate…
Understanding Malaysia Property Prices
Malaysia is home to some of the most affordable property prices in the Southeast Asian region when taking into account the median income of its population. This affordability comes with a blend of demand and supply, government policies, economic health, and other external factors that play a significant role in the property market. Understanding Malaysia’s…
Choosing Home Insurance for Property Sellers in Malaysia
Understanding the Importance of Home Insurance for Property Sellers For property sellers in Malaysia, home insurance is an essential consideration to protect their assets and investments. Although it’s often the buyers who are more concerned about getting insurance coverage, sellers also need to understand the benefits and implications. Safeguarding the property until the point of…