​Mortgage application for residential properties is almost at an all-time high although the demand for mortgages for commercial properties remains sluggish.

​

Although interest rates have started to rise, loan demand for residential properties remains high.

​Despite the Malaysian property market is still plagued with a high number of overhang units, properties located in good locations are still being snapped up in a short period of time. This situation has been exacerbated by the shortage of new launch properties in the market.

​Higher rental rates, higher inflation rates, government subsidy (HOC Campaign), and historically low interest rates have ignited the interest in home buying for many first-time home buyers. In the next few years, Gen-Z will start to get married and have kids, this will further increase the demand for properties located close to working locations.

​Follow where the money flows. The demand for loans is one of the best indicators to check out where the money flows.