Residential

Foreign buyers active in the property market again

After the decline in foreign buyers following the ABSD, there are signs that foreign buyers are becoming active in the property market again, with the four largest nationalities in Q2 being Malaysians (6.3%), Indonesians (4.7%), mainland Chinese (4.4%) and Indian nationals (3.0%). The largest increase came from the Indonesians, from 247 in Q1 to 391 in Q2, while transactions by the Malaysians, Mainland Chinese and Indian nationals increased from 398 to 521, 311 to 365 and 173 to 252 from Q1 to Q2 respectively. From July to Aug 23, Malaysians took up 7% of foreign purchase or 120, with the mainland Chinese, Indian nationals and Indonesians taking up 6.2% (107), 4.2% (72) and 3.7% (63) respectively. There were 8,311 deals transacted in Q2, a 37.2% increase from the 6,059 deals in Q1. Of ...