New Residential Property Launches
Highlights
    New residential property launches amounted to 6,087 units in 3Q 2020, below the quarterly average of 16,747 units from 2010-2019. For the first 3 quarters of 2020, total launches amounted to 24,853 units, which was half of that recorded in the same period of 2019 (1Q-3Q 2019: 50,039 units)
    The fewer launches in the first three quarters of 2020 was largely attributed to a more cautious stance adopted by property developers in launching new properties amid disruptions caused by the pandemic and elevated levels of unsold properties in the market.
    Nevertheless, by price, the share of launches priced below RM300,000 has increased to 50% in the first 3 quarters of 2020 (2019: 41%). This suggests a gradual rebalancing of supply of housing in the market towards the affordable range.


Source: National Property Information Centre (NAPIC)
Note: Numbers in percentages refer to the share of total launches priced in the respective price segments