Malaysia: Pricing, valuation impacting housing sector

• Sep 17, 2019

KUALA LUMPUR: Two pressing issues facing Malaysia’s housing sector are pricing and valuation, according to the Board of Valuers, Appraisers, Estate Agents and Property Managers president Ahmad Zailan Azizuddin.

“The valuation of new houses, of new housing schemes, cost, pricing and valuation are pressing issues.

“Does cost equal value? What are the ways to mitigate house prices for affordable housing, and the valuation of new houses?” Ahmad Zailan raised these questions while opening the Housing & Valuation conference 2019 .

He said over the last 10 years, Malaysia saw prices more than double from RM204,470 to RM417,670 according to National Property Information Centre Malaysia House Price Index.

“Double-digit growth in 2012 and 2013 began to ease from 2014, due in part to govt measures to curb spiralling house price,” Ahmad Zailan said.

Other national concerns are the completed unsold situation, affordable housing and house affordability.

Source: https://www.thestar.com.my/business/business-news/2019/09/17/pricing-valuation-impacting-housing-sector#d7Yk74CXACi0Iefc.99