House price rises continue in Malaysia
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Malaysia’s house price rises have continued, but at a slower pace, due to a slight GDP growth slowdown to 5.1% in 2011, from 7.2% in 2010. Malaysian houses prices have tracked inflation during the last decade, except during the recent surge.
In Q1 2012, the national house price index rose 6.1% (3.7% in real terms) y-o-y to Q1 2011, down from 8.9% growth last year (5.9% in real terms), according to the Valuation and Property Services Department (JPPH). The average house price was MYR 219,219 (US$ 68,905) at year end, according to the JPPH.
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