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The Sun
5 hours ago
- Business
- The Sun
Homebuyers redefine value amid shift in mindset
AT FIRST glance, Malaysia's residential property market may appear quiet, but beneath the surface, a meaningful transformation is under way: a fundamental shift in how Malaysians approach property ownership. Today's buyers are intentional, value-focused, and sharply attuned to economic signals. The optimism of past years has given way to a more measured mindset shaped by global volatility, domestic caution, and a widening disconnect between asking prices and buyer expectations. This is not a retreat from the market; it is a recalibration. Malaysians are still buying, but with greater purpose and scrutiny. Supply expands, buyer expectations refocus According to the Property Market Q1'25 Snapshots by National Property Information Centre (Napic), residential construction jumped by 30.2% year-on-year (YoY), an expression of developer confidence. Yet, transaction volume and value fell 6.2% and 8.9%, respectively, highlighting a growing misalignment between supply and demand. This shift is not rooted in economic weakness. With policy interest rate steady at 3% and inflation down to 1.4% in April, Malaysia's fundamentals remain stable. But instead of acting on optimism, buyers are choosing caution. It is a clear signal: affordability today is no longer just about price; it's measured by perceived value. Bridging the price gap through buyer alignment Differences between current residential offerings and evolving buyer preferences are becoming more noticeable across key regions. In Kuala Lumpur, high-rise homes took the biggest hit, with prices dropping 7.3% quarter-on-quarter, which was the steepest decline among property types. According to Napic, overhang grew 14.8% year-on-year, with unsold units mostly being condominiums priced between RM200,000 to RM300,000. However, data from PropertyGuru Malaysia for April 2025 indicates that the condominium market is stabilising towards an equilibrium, showing only a slight month-on-month decrease in demand of 0.7% for condo-miniums. Selangor, meanwhile, tells a different story. According to Napic data, the price gap is widening in the apartment and serviced residence segments, but savvy buyers remain active when value aligns with expectations. Overhang fell nearly 40% year-on-year, signalling strong movement in well-priced, practical homes. Across most segments, caution dominates mark-to-market activity amid ongoing economic uncertainty. Penang continues to attract attention, especially in the condominium segment. PropertyGuru Malaysia's April 2025 data showed a 9.1% increase in condominium listing views, driven by infrastructure developments such as the LRT Mutiara Line. However, Napic data indicates a decline in transactions for homes priced above RM1 million, reflecting growing resistance to premium price points. Johor is shaping up as a market where rising prices are starting to test buyer patience. Napic reports an 8.7% year-on-year increase in high-rise prices for Q1'25. Correspondingly, PropertyGuru Malaysia's April 2025 data shows a 19.5% year-on-year decline in interest for serviced residences, with overall views for non-landed homes also trending downward. Like the non-landed property types, demand for landed property types also decreased YoY. The rise of the value-conscious buyer A dip in the demand index does not mean buyers have disappeared. In fact, they are just more selective. According to April 2025 data from PropertyGuru Malaysia, apartment views fell 14.1% while semi-detached homes dropped 21.4% year-on-year. Yet, property types that strike a smart balance between price, location, and lifestyle are defying the trend. Some even gain traction. 0 Selangor is a standout. Terraced homes continue to outperform, with demand rising 2.7% year-on-year and overhang falling 40%, according to Napic. This points to a healthy alignment between supply and real buyer appetite. 0 In Penang, condominium interest surged 9.1% year-on-year, buoyed by better connectivity and more competitive pricing, highlighting the positive impact of infrastructure upgrades like the upcoming LRT Mutiara Line. 0 Meanwhile, in Johor, the story is more nuanced. Napic data shows a 3.2% year-on-year increase in the All-Housing Price Index, led by high-rise and terraced homes. However, the price growth appears to be dampening sentiment, with declining demand suggesting that affordability concerns are weighing buyer decisions. These shifts tell us something important: buyers haven't exited the markedt. They are just more focused on finding real value. Developers are reimagining value in real time As buyers become more measured and data-driven, developers are also evolving their strategies to stay aligned. The traditional playbook of driving volume or focusing solely on premium segments is being rebalanced to meet a market increasingly shaped by value-conscious demand. Success now lies in realistic pricing, particularly in the resilient RM500,000 to RM800,000 bracket. Homes within this range continue to see steady interest, especially when paired with strong connectivity and well-designed, liveable environments. Transit-oriented developments and communities with integrated green spaces are emerging as long-term favourites among buyers. Equally important is understanding the new pace of decision-making. Buyers are being more deliberate, investing time in research, comparisons, and consultations before committing. In this era of intentional ownership, developers who align with value-driven demand through realistic pricing, livability, and accessibility are well-positioned to thrive. At PropertyGuru, we continue to support our partners with timely market insights and actionable data to help them better anticipate buyer behaviour, optimise offerings, and drive stronger outcomes across all segments. This article is contributed by PropertyGuru & iProperty country manager Malaysia, Kenneth Soh.
Barnama
10 hours ago
- Business
- Barnama
Kelantan TRW Vow To Settle Outstanding Salaries Of Former Players, Coaches This Season
REGION - EAST > NEWS KOTA BHARU, July 15 (Bernama) -- Salary arrears involving nearly 20 former players and coaches of Kelantan Darul Naim (KDN) FC have been guaranteed to be resolved within this season. President of Kelantan The Real Warriors (Kelantan TRW), Tan Sri Annuar Musa, said the arrears only involved three months, namely February, March and April of this year. He said the club also appealed to be given space to negotiate with the former players and coaches involved to expedite the settlement of the outstanding salaries. bootstrap slideshow 'Don't worry, all debts will be paid. We only ask for a chance to negotiate — if there are those who urgently need the money, we will try to accommodate. However, we are offering a win-win situation in which they agree to a reduction in the payment. 'If they agree to a discount, we can settle it by August. But if they refuse, that is their right. Without any discount, we will settle the arrears -- which amount to about RM300,000 -- within this season,' he said at a press conference here today. Earlier, Annuar confirmed that he had accepted the offer to serve as president of Kelantan TRW Football Club with immediate effect. Bernama reported on Sunday that the Kelantan TRW management had been given until today to resolve the salary arrears involving nearly 20 players and coaches from last season. -- BERNAMA
The Sun
11 hours ago
- The Sun
Two loan shark members arrested for Tasek Gelugor arson
GEORGE TOWN: Two men suspected of being part of a loan shark syndicate have been arrested in connection with a fire that razed three houses in Tasek Gelugor last month. The suspects, both in their 20s, were detained in separate raids conducted by the Penang Commercial Crime Investigation Department (CCID) on July 3. Penang deputy police chief Datuk Mohd Alwi Zainal Abidin confirmed the arrests, stating that the suspects also allegedly vandalised a house in Tanjong Tokong with paint on June 30. Several items were seized during the raids, including a Yamaha Y16Z motorcycle, sport rims, mobile phones, and clothing. During questioning, both men reportedly admitted involvement in the arson case, which caused an estimated RM300,000 in damages. Five cars and four motorcycles were also destroyed in the fire. The case is being investigated under Section 436 of the Penal Code for mischief by fire. Police further revealed that the suspects may be linked to five other paint-splashing incidents currently under investigation. The fire, which occurred around 4.50 am on June 24 at Taman Tasek Gelugor Utama, did not result in any injuries. One victim later claimed on Facebook that the arson was related to loan shark activities, possibly targeting another house in the area. Reports indicated that a homeowner had received a debt repayment warning, though the affected houses were not the intended target. – Bernama
New Straits Times
12 hours ago
- New Straits Times
Duo nabbed over arson of three homes, vandalism in Tasek Gelugor
GEORGE TOWN: Police have arrested two men in their 20s, believed to be behind an arson incident that gutted three double-storey terrace houses in Tasek Gelugor last month. The arrests were made during separate raids around Penang on July 3 by the state Commercial Crime Investigation Department. Penang deputy police chief Datuk Mohd Alwi Zainal Abidin said the suspects, who had admitted to involvement in multiple cases of paint vandalism, confessed during interrogation to committing the arson attack, which caused an estimated RM300,000 in damages. He said the fire not only razed three homes but also damaged five cars and four motorcycles parked nearby. "Investigators believe the arson and vandalism are linked to illegal moneylending activities. "The suspects were also connected to at least five cases of red paint splashing, commonly associated with Ah Long (loan shark) intimidation tactics, including one incident reported on June 30 in Tanjung Tokong," he said in a statement today. Alwi said that during the operation, police seized several items believed to have been used in the crimes, including a Yamaha Y16ZR motorcycle, a pair of sports rims, a motorcycle helmet, clothing worn during the incidents, a mobile phone and a crossbody bag. He said the case is being investigated under Section 436 of the Penal Code for mischief by fire, which carries a maximum sentence of 20 years' imprisonment and a fine. He added that the paint vandalism cases are being investigated under Section 5(2) of the Moneylenders Act 1951 and Section 427 of the Penal Code. "We urge the public to report any form of harassment or threats from unlicensed moneylenders. "We will not hesitate to take strict action against individuals or syndicates who endanger the public," he added. It was earlier reported that police were conducting further investigations into a fire that destroyed three double-storey terrace houses in Taman Tasek Gelugor Utama on June 24, which was suspected to have been caused by loan sharks. A report was lodged by one of the homeowners, claiming the fire was believed to be the result of arson.(Hyperlink: )
The Star
13 hours ago
- The Star
Penang cops nab two loan shark syndicate members over alleged arson attacks
GEORGE TOWN: Two men believed to be members of a loan shark (ah long) syndicate have been arrested on suspicion of involvement in arson attacks on three houses and nine vehicles resulting in RM300,000 in damages. Penang deputy police chief Datuk Mohd Alwi Zainal Abidin said in a statement that the local men both in their 20s, were arrested in separate raids around the state on July 3 by the Penang Commercial Crime Investigation Division team. "The men were arrested as they were believed to be involved in an incident where a house was sprayed with paint in Tanjong Tokong on June 30. "During the investigation, the suspects confessed to their involvement in the fire that destroyed three double-storey terrace houses, five cars, and four motorcycles in Taman Tasek Gelugor Utama on the mainland, on June 24 (2025). "The incident resulted in about RM300,000 in losses. "The suspects are believed to be involved in five cases of spraying paint on premises which are under investigation, as well," he said in the statement on Tuesday (July 15). Comm Mohd Alwi said during the arrests they confiscated a motorcycle, a pair of spot rims and a helmet among other items. He said the case is being investigated under Section 436 of the Penal Code for arson. "If convicted they face a prison sentence of up to 20 years and a fine," he said. He then urged the public to come forward to the police if they are being harassed or have received threats from individuals or loan shark syndicates. "This will allow us to take appropriate action," he said. It was reported on June 24, 2025, that three terraced houses, five cars, and four motorcycles were destroyed in an early morning fire in Taman Tasek Gelugor Utama. Penang Fire and Rescue Department Assistant Director of Operations John Sagun Francis said the fire department received an emergency call reporting the blaze at 4.52am. "The fire was extinguished at 5.59am and no casualties were reported in the incident," he said.
