Henry Butcher Malaysia expects the residential property market in Kuala Lumpur and Selangor to be stable in 2025.
The firm said the market will continue to record positive increases in the volume and value of transactions, although it believes that due to the still cautious consumer sentiments, the increases will just be in the single digits.
“As the country’s leading residential markets, we believe the continued stability and growth in these regions will contribute to a further reduction in the residential overhang. House prices may rise as well, though at a more moderate pace,” the firm said in its latest property market 2025 report.
Factors to Watch in 2025
● The residential property market focus in 2025 will continue to be on:
○ Landed homes in Selangor and high-rise apartments/condominiums in Kuala Lumpur in view of the high land costs within and closer to the city, which makes the development of landed properties not feasible.
○ Homes priced between RM500,000 and RM1 million in popular locations in Kuala Lumpur and affordable homes costing around RM500,000 and below in Selangor.
Smaller-sized units of around 1,000 sq ft and below in
higher-density projects.
○ Niche high-end projects, which can be strata or landed properties in good locations, as there is unsatisfied pent-up demand due to the scarcity of such projects being launched
in recent years.
○ Projects with innovative
concepts, designs, and themes that set them apart from traditional projects in the market.
Source: NST
