The Real Estate and Housing Developers’ Association (Rehda) Malaysia anticipates a stronger market performance in the second half of 2025 (2H25) and remains positive in achieving the RM180bil property sales target in 2025.
President Datuk Ho Hon Sang said the optimism is driven by the robust performance reported in 2024, of which Malaysia had recorded the highest property transactions over the past decade, increasing by 18% to RM223.2bil as compared to RM196.8bil a year earlier.
“With the achievement for 2024, it will spur the enthusiasm of fellow developers and I believe that they (local property developers) can do better in 2025,” he said at the Rehda Property Industry Survey 2H25 and market outlook for 2025 media briefing here yesterday.
According to the survey, Ho shared that the majority of the respondents were more optimistic on the property market outlook in 2H25 versus the outlook in 1H25, which was noted to have a more neutral sentiment.
He attributed the positive sentiment to strong government initiatives as well as anticipated post-festive season consumer spending.
“Perhaps 1H25 is not the right timing –but they believe that with these initiatives, it can drive a better economic situation in 2H25.
“This positive sentiment was also driven by organisational business perspectives, consumer purchasing power and growth in the residential sector,” he added.
In 2H24, the number of property launches had seen a decline to 13,611 units versus 14,653 units in 1H24. The number of units sold had also dropped by nearly 45% to 3,802 units in 2H24 from 6,907 units previously.
Ho stated that the lower numbers reported were due to member developers completing launches in early 2024, of which he anticipates an increase in numbers in the upcoming survey for 2025.
The survey recorded that as of Dec 31, 2024, 41% of respondents said they had unsold completed residential units, with 43% of these units being priced within the RM400,001 to RM500,000 bracket.
Highlighting the decline in overall unsold units from 25,816 units in 2023 to 23,149 units in 2024, Ho said he anticipates the number to continue declining.
Separately, Ho affirmed that Rehda viewed the government’s initiative on the Urban Renewal Act or URA, which will be tabled in Parliament this July, as a “good move”.
“There are many buildings, especially around the Klang Valley, that are decades old and in poor condition and this will be unsafe for the people. So, it is very important to make the majority of the rakyat enjoy the fruits of redevelopment,” he said.
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