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Written by Muhazrol Muhamad. GVP, Head of Bumiputra SegmentThe recently released Laporan Pasaran Harta 2024 by NAPIC confirms what many property players have long observed:terraced houses remain the top choice among Malaysian homebuyers. Despite the rise of high-rise living and new trends inurban design, terraced homes continue to lead the residential property market—both in transaction volume and buyersentiment.Terraced Homes Top the Chart AgainAccording to the report, Terraced Houses recorded the highest number of residential transactions in 2024, with a total of112,243 transactions, far surpassing other residential property types. This category includes both single-storey and 2-3 storeyvariations, although NAPIC does not break down the volume by storey count in transaction data.In terms of new launches, 2-3 storey terraced houses (23,462 units) and single storey terraced houses (16,621 units) togethermade up 52.9% of all new residential units launched in 2024.This reflects continued market confidence and strong preference for landed properties.The Cultural Comfort of 'Landed Living'Malaysians value space, privacy, and multigenerational living, making terraced homes in suburban areas a top choice. Theselanded properties offer the comfort of a backyard, renovation potential, and a strong sense of community—features thatcontinue to appeal to middle-income buyers.Affordability Meets PracticalityCompared to semi-detached or detached homes, terraced houses provide better affordability while still offering more livingspace than a typical apartment. This makes them particularly attractive to:First-time homebuyersYoung familiesUpgraders from flats or low-cost apartmentsWith many units priced below RM500,000 in suburban hotspots, terraced homes continue to fall within the sweet spot ofaffordability.Developer Confidence Reflects Market DemandTerraced homes aren’t just popular in the secondary (subsale) market—they remain a key product in new townshipdevelopments nationwide. Developers continue to launch them confidently, often positioning terraced units as thecornerstone of integrated projects that include green spaces, schools, and retail facilities.New townships in Selangor (Bandar Puncak Alam, Semenyih), Johor (Bandar Seri Alam, Iskandar Puteri) and Penang Mainland(Bukit Mertajam, Simpang Ampat) clearly illustrate this ongoing demand.Stable Investment OutlookFrom an investment perspective, terraced houses tend to enjoy steady capital appreciation and consistent rental demand.Unlike many high-rise properties, they are less exposed to risks of oversupply and usually maintain better value duringmarket fluctuations. For investors with a medium- to long-term horizon, landed terraced homes remain a solid, dependableasset.In a market shaped by evolving trends and diverse product offerings, terraced houses continue to represent a dependable andpractical choice. The data from NAPIC reinforces this lasting appeal, proving yet again that Malaysian buyers prefer landed,affordable, and family-oriented homes. As urban areas expand and affordability remains a central concern, terraced homesare likely to retain their place as Malaysia’s preferred residential option for years to come.CLICK FOR MORE INFO!

Written By Irhamy Ahmad, Founder and Managing Director of Irhamy Valuers InternationalMalaysia is accelerating its shift to renewable energy (RE) to meet rising energy demand and its 2050 net-zero emissions goal. Solar, hydro, biogas, and biomass are central to this low-carbon transition, backed by strong policies and private sector engagementSolar Leads the ChargeSolar energy is Malaysia’s fastest growing RE source. Through the Large-Scale Solar (LSS) program, over 2 GW of capacity is either operational or in development, with LSS5 upcoming. Rooftop solar is also rising via the Net Energy Metering (NEM) program, especially among commercial users.Hydropower & Rural ImpactHydropower remains the most established RE source, especially in Sabah and Sarawak. While large hydro is not always classified as renewable, small hydropower plants are helping provide clean energy to rural communities.Biogas & Biomass: Waste to EnergyMalaysia is leveraging its palm oil and agricultural waste—like POME and empty fruit bunches—for biogas and biomass power generation. These efforts reduce methane emissions and support rural energy access. Supported by Feed-in Tariff (FiT) incentives via SEDA, these projects are growing steadily.National Frameworks Driving the TransitionSeveral national strategies are guiding Malaysia’s clean energy shift: Green Technology Financing Scheme (GTFS): Offers soft loans and guarantees for RE projects.MyRER (Malaysia Renewable Energy Roadmap): Targets 31% RE capacity by 2025, 40% by 2035.NETR (National Energy Transition Roadmap): Aims for net-zero by 2050, focusing on energy efficiency and low-carbon tech.National Biomass Action Plan: Boosts biomass uses through supply chain development and rural investment.Current Progress and Future OutlookAs of 2024, 25% of Malaysia’s installed power capacity comes from renewables. While fossil fuels still dominate generation, the trend is shifting. Nationwide, states are developing diverse RE projects, signalling strong momentum.Challenges persist—especially in grid integration for solar and scaling biogas/biomass—but Malaysia’s direction is clear. With policy support, investment, and innovation, the country is well on its way to a cleaner, more resilient energy future.CLICK FOR MORE INFO!

Written by Shan Saeed, IQI Chief Economist The month of April has commenced with tariffs going global. Trump tariff is the new risk to the global economy and investors are getting ready navigating through these choppy times. At the time of writing this piece, President Trump has given 90 days pause except for China. Wall Street’s benchmark S&P 500 leapt 6% immediately after the announcement, while the tech-heavy Nasdaq Composite soared almost 8%. Global stock markets have plummeted following President Trump's announcement of sweeping tariffs, resulting in the world's 500 richest people losing more than a collective $525 billion in just 3 weeks. Even billionaire supporters who attended Trump's inauguration are facing significant financial losses, proving that no one —regardless of their political connections—is immune to economic shockwaves when worldwide trade tensions escalate.Stock Market and its Impact GloballyTariff creates distortion, inefficiencies and misallocation of resources. Tariffs are stagflationary. I don’t believe in tariffs, quota or protectionism. I am a staunch advocate of free trade in the global economy. I believe in free markets and free flow of goods and services.Tariffs have made huge impact in the US equity markets. Investors have lost $13 trillion YTD. Pure Bazooka. Classic case of epicaricacy.Recession is knocking on the doors on US economy. Recession is a consumer cycle not a business cycle. When consumers don’t spend, businesses don’t invest, then the economy shrinks.I follow Milton Friedman for my economic thoughts, and he has got a huge influence on my personality. And I believe in free markets-The Chicago School way!Both US equity and bond markets are shaking, and global investors are nervous. Three regions will lead the global economy i.e. a) GCC b) ASEAN c) Africa.S&P 500 down 10.3%+ in two days [April 3 and 4]:• October 1987• November 2008• March 2020• April 2024Recession Bells Knocking the Doors in The USABlackRock CEO Larry Fink said that many business leaders believe the United States economy is already in a significant downturn. “Most CEOs I talk to would say we are probably in a recession right now,” Fink said at an event for the Economic Club of New York.Goldman Sachs | Market Pulse - Top Bank Speaks About the Outlook"Expect the US real GDP growth to slow to 1.5% in 2025""Expect US core PCE inflation to rise to 3.5% by year-end 2025""Nearly all survey-based measures of US inflation expectations have risen""In the Euro area, expect real GDP growth of 0.8% YoY in 2025 to improve to 1.1% in 2026""Updated 2025 global equity forecasts: Asia leading at +12% total return""Higher dividend yields from non-US equities may prove attractive amidst peak policy uncertainty"CLICK FOR MORE INFO!

Written by Taco Heidinga, IQI Global Strategic AdvisorAs the U.S. re-enters a protectionist phase under Donald Trump’s renewed influence, global investors are bracing for another wave of tariffs that could reshape international trade—and, interestingly, global property investment trends. Historically, tariffs lead to supply chain disruptions, rising costs for materials, and increased geopolitical uncertainty. For real estate investors, this economic shift doesn’t just affect commodities and manufacturing—it changes where money flows.The U.S. Market: Higher Barriers, Selective OpportunitiesWith Trump proposing steep tariffs on imports—particularly from China, Mexico, and even some European countries — the U.S. real estate market may see mixed reactions. Industrial properties and logistics hubs could thrive as companies “reshore” manufacturing to avoid tariffs. However, uncertainty and potential retaliation could weigh down residential and commercial confidence in major cities.Southeast Asia: A Rising StarCountries like Vietnam, Indonesia, Malaysia and the Philippines stand to gain. As companies look to diversify away from China, these nations are becoming the new manufacturing and investment hubs. With growing middle classes, political stability (compared to larger rivals), and friendly foreign ownership policies in select areas, real estate demand is poised to rise—especially in urban and coastal zones.Europe: Stability in Uncertain TimesWhile Trump’s tariffs may target European goods, investors still see value in stable, transparent markets. Portugal, Greece, Cyprus, Malta and Hungary continue to attract attention thanks to Golden Visa programs, lifestyle appeal, and relatively low entry points. Berlin, Paris, and even smaller regional cities offer hedge-like safety during international turmoil.UAE & Gulf States: Safe Havens with AmbitionWith China-U.S. trade tensions rising, the UAE, Qatar, and Saudi Arabia are positioning themselves as neutral economic zones. Dubai, in particular, offers strong yields, tax-free gains, and increasing global relevance—a magnet for investors looking to ride out economic storms.CLICK FOR MORE INFO!

In February, transaction volumes in the primary market rose to 900 units, while the secondary market saw a decline to 2,300 units, resulting in an overall m-o-m decrease of 11.1%. Mass residential capital values declined by U.(% m-o-m in February. following a 0.4% rebound in January.The government raised the threshold for properties subject to a nominal stamp duty of HKD 100 from HKD 3 million to HKD 4 million in February. I nis measure eases the burden for buyers or lower-value properties by reducing transaction costs, potentially stimulating demand in the entry-level residential market.The primary housing market gained momentum as unit prices continued their downward trajectory. EIGHT SOUTHPARK in Ma Tau Kok sold all 101 units launched on the first day or the project launchAmong major luxury sales transactions. a house at Bisney Crest in Pokfulam was sold for HKD 203. 8 million or HKD 35.339 per sq ft (SA). This transaction reflects a 1.9% unit price increase compared to another house in the same project that was sold in July 2024.Source: The Land Registry, JLLWant deeper insights into global property trends? Download our comprehensive market value report to explore opportunities beyond Hong KongDownload

This article is contributed by Mannu Bhazin, Country Head of IQI IndiaIndia’s ultra-luxury real estate segment is undergoing a golden age—an era marked by discerning buyers, record-breaking sales, and a shift in the very definition of “home.” With wealth creation on the rise, especially among high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs), there's a distinct appetite for elevated living that blends legacy, lifestyle, and long-term capital appreciation. From sea-facing penthouses in Mumbai’s Bandra and Worli to stately golf-course villas in Gurugram and the imperial grandeur of Lutyens’ Delhi, the demand for homes priced upwards of ₹20 crore has never been stronger. These aren’t just properties—they’re statements of identity, generational investments, and, for many, dream homes finally within reach. The surge is backed by multiple tailwinds. Rising disposable incomes, global exposure to refined living standards, and an expanding base of first-generation wealth creators have made ultra-luxury homes both a personal aspiration and a financial strategy. These homes offer a rare trifecta: unmatched lifestyle perks, the ability to preserve and grow capital, and the status of owning something truly scarce in an increasingly crowded world. Prime city zones with low density, lush green buffers, and seamless access to business districts are now gold mines of generational wealth, often appreciating faster than any other asset class in the country and are driven by scarcity. The numbers speak volumes. Premium assets in India’s top metros have historically yielded annualised returns in the range of 9–14%, with some ultra-exclusive properties—those with a story, a view, or a rare provenance—tapping into 18–20% territory. This scarcity premium, driven by limited supply and ever-increasing aspirational demand, is what makes India’s luxury real estate an outlier in terms of value retention and appreciation. Interestingly, despite relatively modest rental yields—usually 2–3% of the property value—even the country's most affluent prefer holding these properties primarily for personal use. For them, the value lies not in recurring income but in lifestyle elevation and wealth preservation. However, when managed professionally—particularly in scenic, leisure-driven destinations—these “trophy homes” can fetch significantly higher yields, sometimes up to 5–7% annually. Top-tier city properties have historically delivered annualised returns between 9–14%, with truly rare assets commanding premiums and pushing the 18–20% mark. The luxury housing market (₹4 crore and above) across India’s top seven cities recorded a 28% year-on-year growth in sales during the Jan–Mar quarter alone. The momentum is powered by evolving urban infrastructure, a renewed focus on wellness and quality of life, and a subtle but notable narrowing in the gap between monthly rents and EMIs. With the Reserve Bank of India’s recent repo rate cuts, the timing couldn’t be better for aspirational buyers to turn homeowners. Ultimately, luxury real estate remains the preferred haven for India’s elite—offering stability in turbulent times, diversification beyond volatile equities, and tangible value in a rapidly digitising, often intangible world. Whether as a legacy asset, a weekend escape, or a curated investment, the ultra-luxury home is now less of a rarity—and more of a reality.Want deeper insights into global property trends? Download our comprehensive market value report to explore opportunities beyond IndiaDownload

This article is contributed by Emmanuel Andrew Venturina, Country Head of IQI PhilippinesDevelopers Collectively Addressing the Condo Oversupply In the last quarter of 2024,  Metro Manila face a significant oversupply of condominiums due to a frenzy of developments that have been impacted by pandemic and low take up. As demand fluctuates, real estate developers are strategically implementing flexible payment terms and rent-to-own schemes to better align with consumer needs and stimulate sales. These initiatives not only provide potential buyers with more accessible paths to homeownership but also enable developers to mitigate the impacts of oversupply. Flexible Payment Terms Flexible payment terms are designed to ease the financial burden on potential buyers by offering various options for making payments. Developers are increasingly allowing buyers to choose from multiple financing arrangements, which may include longer installment periods, lower down payments, and graduated payment structures. By doing so, they cater to a diverse range of financial situations, making it easier for young professionals, first-time buyers, and even investors to consider purchasing a unit. For example, some developers may offer a down payment as low as 5% with the remaining balance spread out over several years. This approach not only helps individuals save up but also allows them to manage cash flow better while still enjoying the benefits of ownership in a rising real estate market. Additionally, these flexible terms can provide security and peace of mind, knowing that their investment is not tied to prohibitively high initial costs. Rent-to-Own Schemes The rent-to-own scheme is another innovation gaining traction in response to the oversupply issue. This model lets potential buyers rent a condominium unit with the option to purchase it after a specified period. A portion of the rent paid during the rental term is usually credited toward the eventual purchase price. This scheme serves two functions: it addresses the immediate need for housing and caters to those who may not yet be financially ready to buy. Rent-to-own agreements provide flexibility and lower risk for buyers who may be uncertain about committing fully to a purchase. They can live in the property, observe the neighborhood, and decide if it fits their lifestyle before making a long-term investment. For developers, this approach can lead to a more stable occupancy rate, as units are not left vacant while waiting for buyers. This can also contribute to healthier cash flow, enabling developers to reinvest and sustain their projects. In the past, very few developers are embracing the rent-to-own scheme, now, almost all of the developers are introducing competitive rent-to-own programs; some with 10-year lease to own program with minimal initial downpatment to move-in; some with as low as 5% downpayment to enable clients to use the property. Market Impact and Future Outlook By adopting these strategies, developers are not only addressing the oversupply of condominiums in Metro Manila but also enhancing consumer confidence in the real estate market. As more individuals are enticed by flexible payment options and the potential of rent-to-own arrangements, the market can recover more swiftly from the effects of oversupply. Looking ahead, it is likely that market dynamics will continue to evolve, with developers regularly assessing consumer needs and innovations in financing. By prioritizing flexible payment solutions and adaptable ownership models, developers can help sustain a healthier real estate environment, benefitting both buyers and developers alike in the long run. As Metro Manila navigates its current real estate landscape, these payment strategies will play a crucial role in balancing supply and demand, ultimately fostering growth and stability in the condominium market. Want deeper insights into global property trends? Download our comprehensive market value report to explore opportunities beyond PhilippinesDownload

This article is contributed by Junaid Hamid, Country Head of IQI PakistanKarachi’s Market Poised for Growth As we move further into 2025, Karachi's real estate sector is showing strong signs of a rebound, driven by improving economic indicators, rising investment interest, and evolving urbanization trends. However, despite the optimism, there are still challenges that need to be addressed for the sector to reach its full potential. Market Challenges Economic Stability and Policy Uncertainty While macroeconomic indicators show brief stability, Pakistan’s economy remains vulnerable to fluctuations in foreign reserves, inflation rates, and policy changes. The real estate sector is highly dependent on investor confidence, and any sudden shifts in government policies or taxation can create uncertainty, deterring both local and overseas investors. Access to Housing Finance Although lower policy rates have made housing finance schemes more attractive, the lack of specialized low-mark-up financing options limits accessibility for middle-income buyers. Many potential homeowners still find it difficult to secure loans due to stringent lending requirements. Infrastructure Development Delays Despite significant efforts to modernize Karachi’s infrastructure, projects such as road expansions, water supply improvements, and urban planning initiatives often face delays. These slowdowns hinder real estate growth in emerging areas and can impact the appreciation of property values. _*Predictions for Karachi’s Real Estate Market_ Rising Demand for Gated Communities Security and lifestyle preferences continue to push demand for gated communities. Investors can expect steady appreciation in areas like DHA, Bahria Town, and Malir Cantt as more families and expatriates opt for secure, well-planned residential environments. Urban Expansion and Vertical Growth With Karachi’s population surging, developers are focusing on high-rise apartment projects and commercial hubs. The transformation of suburban areas into thriving residential and business centers is expected to continue, presenting lucrative investment opportunities in locations like Scheme 33, Korangi, and North Karachi. Integration of PropTech and Smart Investments The rise of property technology (PropTech) is reshaping how properties are bought, sold, and managed. Investors will increasingly rely on AI-powered analytics, virtual tours, and blockchain-enabled transactions to make informed decisions and streamline property registration processes. Furthermore, platforms like Zameen.com lead the way in making the real estate market accessible for everyone. High Investment Returns Expected in 2025 With lowering interest rates and a maturing market, Karachi’s real estate sector is poised for significant growth. Areas that were previously overlooked are now gaining traction, and early investors stand to benefit from rising demand and increasing property values. Unlocking Potential: Key Investment Areas Affordable Housing and Flexible Payment Plans Developers are introducing innovative payment structures, allowing buyers to secure properties with minimal down payments and installment plans that resemble rental payments. This accessibility is making real estate investment easier for first-time buyers and young professionals. Government Incentives and Overseas Investment The Pakistani government has launched various initiatives to attract foreign investment, including tax exemptions for construction-related industries and incentives for overseas Pakistanis. These policies are expected to drive further growth in the real estate sector. Strategic Mega-Projects Major infrastructure projects, such as Malir Expressway, Karachi Circular Railway (KCR) and the Karachi Coastal Development Project, are set to enhance connectivity and property values. Investors looking for long-term gains should focus on locations surrounding these developments. Conclusion: A Thriving Future for Karachi’s Real Estate As we approach mid-2025, Karachi remains one of the most promising real estate markets in Pakistan. Despite economic challenges, the city’s expanding infrastructure, increasing urbanization, and evolving investment landscape present numerous opportunities for both local and international investors. For those seeking to capitalize on Karachi’s booming property sector, now is the time to explore investment options, partner with trusted developers, and leverage technology to make informed decisions. The future of Karachi’s real estate market is bright—secure your place in it today! Want deeper insights into global property trends? Download our comprehensive market value report to explore opportunities beyond PakistanDownload