Malaysia’s property market slowing sharply
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The economy is slowing, the ringgit is depreciating, and there's a political scandal affecting Prime Minister Najib Razak. House prices in Malaysia continue to rise, but at a slower pace, and transactions are slightly down and residential construction activity is slowing.
During the year to end-Q3 2015, the nationwide house price index rose by 5.43% (2.74% inflation-adjusted), down from an annual rise of 7.88% the previous year and the lowest increase since Q3 2009, according to the Valuation and Property Services Department (JPPH). On a quarterly basis, the index increased 0.8% (0.2% inflation-adjusted) in Q3 2015.
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