iProperty.com Malaysia’s online half-yearly Asia Property Trends Survey 2009-2010 shows that confidence in the local property market has returned with 85.3 per cent intending to purchase property over the next 12 months.
Survey results also showed that a 43.1 per cent bought one or more properties in the last 24 months of which 10.5 per cent of them bought at least two properties. Meanwhile, 29.5 per cent of those surveyed are still looking for their first purchase while 36.2 per cent had owned at least two properties.
Patrick Grove, then executive chairman of the iProperty.com group said, “Despite the downturn, Malaysians belief that 2010 will be a good year to start investing again.”
83.3 per cent said that location is still a strong determining factor for property purchases while price is a close second at 73.3 per cent. Compared to last year’s survey results, developer/brand importance (35.5 per cent) has taken a backseat to the importance of potential rental yield (43.2 per cent) and capital appreciation (48.6 per cent) as important factors to consider for property purchases.
Landed properties, be they completed or newly launched still remain a clear favourite of property buyers compared to completed or newly launched condominiums.
The survey saw a total of 2,600 respondents of which 59.3 per cent of them are male. 56.7 per cent of those surveyed are 25 to 34 years old while 29.1 per cent are aged 35 to 49 years. | 
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