Malaysian house prices continue to rise, albeit at a slower pace
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The Malaysian housing market remains strong, though house price rises are now slowing sharply, mainly due to stricter lending guidelines.
The national house price index rose 7.29% during the year to end-Q3 2012 (5.86% inflation-adjusted), the lowest year-on-year increase since Q2 2010, according to the Valuation and Property Services Department (JPPH). On a quarterly basis, house prices actually fell by 1.8% in Q3 2012 (-2.11% inflation-adjusted), the first quarterly drop since Q4 2008.
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