How do first-homebuyer numbers compare across Klang Valley, Johor, and Penang?

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First-Homebuyer Transactions Outpace Investor Purchases in Key Malaysian Markets

In the first quarter of 2021, first-homebuyers (FHBs) significantly outnumbered investors in three major Malaysian property markets: the Klang Valley, Johor, and Penang. This trend indicates a strong presence of individuals entering the property market for the first time, even amidst broader market fluctuations. The PropertyGuru DataSense report highlighted that FHBs constituted a majority of overall property transactions across Malaysia, underscoring their crucial role in the market's activity.
Klang Valley Sees FHBs Outnumber Investors by 13.2 Per Cent

In the Klang Valley, the number of transactions made by first-homebuyers exceeded those by investors by a margin of 13.2 per cent. This region, a major economic hub, experienced a notable preference for first-time buyers over those looking to acquire property for investment purposes during the specified period. The report also noted that the Klang Valley recorded a three-year high in sub-sale transactions, with these making up 83.72 per cent of the market activity.
Johor Records Highest FHB Dominance at 65.2 Per Cent

Johor demonstrated the most significant disparity, with first-homebuyers outnumbering investors by a substantial 65.2 per cent. This substantial lead suggests a strong demand from individuals seeking to establish homeownership in the state. The overall residential property transactions in Malaysia saw a 44.7 per cent year-on-year drop in Q1 2021, influenced by Covid-19 concerns and softer GDP performance.
Penang Shows Minimal Lead for First-Homebuyers Over Investors

Penang registered a much smaller margin, with first-homebuyers outnumbering investors by just 0.08 per cent. While FHBs still held a slight advantage, this narrow difference suggests a more balanced market in Penang compared to the Klang Valley and Johor, where the gap between first-time buyers and investors was considerably wider. Incentives such as the My First Home Scheme and the Home Ownership Campaign were cited as factors contributing to FHBs' market participation.

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How do first-homebuyer numbers compare across Klang Valley, Johor, and Penang?

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