KUALA LUMPUR, Feb 7 — The prices of terrace homes will appreciate in 2024 while detached houses are expected to continue their decline, according to the inaugural Malaysian House...
The prices of terrace homes will appreciate in 2024 while detached houses are expected to continue their decline, according to the inaugural Malaysian House Price Index released today. — Picture by Miera ZulyanaKUALA LUMPUR, Feb 7 — The prices of terrace homes will appreciate in 2024 while detached houses are expected to continue their decline, according to the inaugural Malaysian House Price Index released today.
The report said that the value of terrace homes is expected to appreciate about as much as the long-term inflation rate of 3.0 per cent, providing a buffer against rising prices. Semi-detached and high-rise home values are predicted to grow at around 0.57 per cent and 0.45 per cent, respectively. “The housing market remains a complex and dynamic landscape. We believe this forecast information will empower home buyers and sellers to navigate the market with confidence, investors to make strategic choices, and policymakers to develop informed housing initiatives.
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