Malaysia Property: Buyers of 1H 2013

Half of the buyers were first-time homeowners. Local buyers outnumbered foreign buyers at 95% against 5%. These locals bought predominantly for the purpose of self-dwelling (62%), followed by for investment (28%), for family members (7%) and for rental yield (35%). Some 55% of the developers reported unsold units, with 16% saying their cash flow were severely impacted as a result. These are the ones who had upwards of 21% unsold units, all the way to above 50%. The reason cited: unreleased bumiputera lots (30% respondents), low demand (20%) and odd units (15%).