皇冠正网平台出租:Residential homes may hit floor price on tightening supply, says Juwai IQI
International real estate technology group Juwai IQI says the Malaysian property sector will reduce supply enough to limit future price declines. – The Malaysian Insight file pic, August 23, 2022.皇冠正网平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
RESIDENTIAL homes in Malaysia may soon find a floor price due to the 47% reduction in completed dwellings and 9% decline in new planned residential supply, said Juwai IQI.
The international real estate technology group said the property sector will reduce supply enough to limit future price declines.
“As agents, we still see sufficient activity and buyer demand to keep us busy. We have more concern about supply. The pipeline of new supply is shrinking,” its head of bumiputera segment Muhazrol Muhamad said in a statement today. “Prices last quarter fell by 2.2% but we believe the shrinking pipeline will put a floor under future price falls.”
He said prices drop when there are more properties than buyers, and developers are shifting the equation in favour of supply by reducing the flow of new properties onto the market, noting that inflation is probably the number one factor behind developers deciding not to launch new projects.
“Supply is still sufficient today, and there is still some overhang, but the pipeline is reducing, and the overhang is shrinking,” he said.
Muhazrol said dwelling completions are dropping quickly—in the first quarter 2022, completion plummeted 47% versus the fourth quarter of 2021, from 25,074 to 13,284.,
“New planned residential supply has also dropped. Over the past three quarters, planned new supply fell 36% from 26,392 units to 16,774 units.
“That’s a significant change from the previous trend in which new planned supply increased steadily, quarter after quarter. Compared to Q4 2021, new planned supply is down 9%,” he added.
Juwai IQI is also sanguine about the impact of rising interest rates.
“We don’t believe interest rate increases will significantly impact Malaysia.
“Firstly, inflation in Malaysia is lower than in many other countries, so our interest rates don’t have to rise as (high) to get inflation under control.
“Secondly, even though the overnight policy rate has increased slightly to 2.25%, that is still well below the historical average,” Muhazrol said, noting that current rates are very close to historic lows, which will help limit any potential impact on the real estate market. - Bernama, August 23, 2022.