Property prices might reached the bottom.

"Continuing to help Malaysians make more informed property decisions, PropertyGuru, the leading online property portal, launched its proprietary ‘PropertyGuru Market Index’ (PMI) exclusively for Malaysia today. PMI is a comprehensive, insightful quarterly overview of home pricing trends at a nationwide level, as well as the key property markets of Kuala Lumpur, Selangor, Johor and Penang." 

Starting from June, they launched this PMI system to allow us commoners to check the median prices and compare whether we are buying expensive property or not easily. As PropertyGuru can be considered as one of the largest real estate market in Malaysia, it is able to collect and analyse loads of information provided by buyers and sellers.
The surveys and reports done by them are much more trustable and they are able to deliver min-depth insights to all Malaysian home seekers.


The index serves as a great knowledge asset and trend indicator to all consumers helping them make informed property decisions. PMI is available to the public at:
http://www.propertyguru.com.my/marketindex

Judging by the figure shown above, property market prices has been declining since years ago until 2017 which seem that it comes to a steady state. This would be one of the sign that the price has already reached the bottom and could start increasing anytime soon. 

Also from the news at PropertyGuru, Kuala Lumpur, Selangor and Johor registered upward price movements with increases of 0.3 percent, 0.3 percent and 3.4 percent respectively. As for Penang,it’s index showed a decline in property prices by 0.7 percent– largely attributed to a reduction in prices and a tapered supply.

Just to be sincere, we shouldn't try to time the market for the best time to buy in. Fork out a sum of money and start paying the mortgage for a house. Believe me, with the exponentially-increasing world population, the property prices are going up by hook or by crook. Sooner or later Penang will be following the steps of Hong Kong where their land can be pricier than the golds. At the end of your mortgage years later, you will be thanking yourself for making this decision earlier. 

If you're looking for a property in Penang, might as well check out the new condo projects that are having a promotion right now!
[Urban Suites] and [Golden Triangle 2]

W.