Wednesday, November 30, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Media And Entertainment Advertising COVID 19 Impact on Malaysia Property Classified Market: Ken Research

COVID 19 Impact on Malaysia Property Classified Market: Ken Research

How Is Property Classified Market Positioned in Malaysia?

Malaysia, with a population of 32.7 Mn in 2021 and being the 2nd largest economy in Southeast Asia region, Malaysia real estate is experiencing a digital wave sweeping across its value chain, disrupting how buyers and sellers interact with one another. Consumers are not just bound to explore the buying/ renting options through digital platforms but are interested in other residential services as well.  Before the pandemic began, buying or renting a home was virtually unimaginable; it acted as a catalyst for people to explore ways to expand digital business platforms Overall, there is an increased interest in using online platforms to buy/rent a home. Additionally, the current pandemic has presented consumers as well as developers with a unique opportunity to put their trust in digital platforms.

Malaysia is the emerging market for Property Classified in ASEAN contributing $~ Mn revenue in 2021 and growing at CAGR of 21.8 % during 2015-2020. Most full-stack Property Classified players in Malaysia have remained focused on the low-rise residential property segment considering the burgeoning housing shortage, rapid urbanization and urban migration trends. A number of developers are offering extended payment terms, lighter down payment schemes, and waived reservation fees with a limited time offers, which financially prepared buyers should take advantage of. However, the industry is highly vulnerable to fraud due to its complex nature, reliance on technology, and interaction between stakeholders and third parties.

Malaysia Property Classifieds Market
Malaysia Property Classifieds Market

Malaysia Property Classified Market Segmentation

By Business Model: Revenue Via Listings and Classifieds generated highest revenue due to increased user base. Majority of the property classified ad marketplaces provide the main services at free of cost so that the users can buy/rent properties and the sellers can list their properties for free. A growing millennial workforce, fast evolving consumer trends and untapped demand potential in the market are real draw cards for start-ups and developers looking to enter the Aggregators and Co-Living market.

By Purpose of Purchase: % of Transactions were carried out via Renting of Properties with ~% of the property transactions being the new development and ~% buying/renting the same for investment purposes. The advertisement-based revenue model is gaining traction and is often used by websites/applications/marketplaces that attracts huge amounts of traffic. Revenue is generated by selling ad space and it is one of the most standard methods of gaining revenue.

By Type of Region: Klang Valley leads the Malaysia Property Classified Market with the market share of ~% in terms of revenue due to a high concentration of commercial and recreational activities.

Properties are benefitting from the confluence of demand from various buyer groups, including foreigners looking for a good buy, Malaysia investors, owner-occupiers who want to live closer to the city, as well as a sizeable pool of budget-conscious tenants who might be priced out of the prime rental market in the city centre.

The conurbation is the heartland of Malaysia’s industry and commerce and has one of the highest properties in Malaysia. The number of vacant office spaces in the Klang Valley grew at an alarming rate throughout, surpassing 150 million square feet despite a slowing appetite for businesses to expand. This paves the way for classified companies, thereby increasing revenue.

Malaysia Property Classified Market Competition

Table: Proportion of Business Segments in Revenue, 2019-2024E

Company / Parameter 2019 2024E
Insurance ~ ~
Banking (Loans & Bank Accounts) ~ ~
Others ~ ~
Total ~ ~

 

Ken Research analyses the high potential for scaling up the aggregator model to peer GCC countries and recommends certain measures to ensure sustainable growth of the platform.

Aggregators must also up-ante their technology stack capable of satisfying customer directly from the platform and predict customer’s future buying decisions.

The market is moderately concentrated for listings and classifieds companies with major players including PropertyGuru, iProperty, RentGuard, Mudah.my, StarPropertyetc. The market is fragmented market for aggregators & co-living companies with top players namely Hatchery Place, Co-Coon, HelloHome Komune Living, JL Co-living, Utopia holding more than ~% market share in terms of revenue. Players are competing on the basis of Commission Charged, Number of Listings, Locations Covered, Detailed Comparisons, User Interface & Technology and Value-Added Services. Factors such as expensive rentals, fixed one- to two-year tenancy contracts and the hassle of dealing with intermediaries, have driven the growth of co-living concepts in Malaysia.

Malaysia Property Classified Market Future Outlook And Projections

Malaysia Property Classified Market is expected to grow at a massive rate of 33% CAGR during 2020-2026 providing a lucrative opportunity for Property Classified investors. Technology has been increasingly becoming an attractive asset for landlords, potential real estate investors and tenants looking for an efficient and secure opportunity in the Commercial Real Estate segment (CRE). This presents a lucrative opportunity for Property Classified investors to witness high returns on their investment. The real estate digital classifieds space is still in the early stages of growth and the listings are dominated by builders and brokers.  Further, with newer technology-based services such as 360-degree view, listing convenience, subscription management etc., and the focus is likely to be on educating individual users. Therefore, the advertisements are more likely to be focused on the individuals on both the buying and selling side, which could help reduce the resistance of online real estate tractions by individual users.

Key Segments Covered in Malaysia Property Classified Market: –

By Business Model

Listings and Classifieds

Aggregators and Co-Living

By Purpose of the Purchase

Rent

Sales

By Region

Penang

Putrajaya

East Region

Cyberjaya Selangor

Johor

Klang Valley

Kuala Lumpur

Key Target Audience

Property Classified Companies

Real Estate Developers

Brokers

Property Consultants

Industry Experts

Time Period Captured in the Report:

Historical Period: 2015-2021

Forecast Period: 2021-2026F

Companies Covered:

Listings and Classifieds

PropertyGuru

iProperty

RentGuard

Mudah.my

StarProperty

NextProperty

PropSocial

Propflix/PropertyHunter

NextSi

Aggregators and Co-Living

Hatchery Place

Co-Coon

HelloHome

Komune Living

JL Co-living

Utopia

Sleepy Bear

The Bed KLCC

Sama

IdealHub

Key Topics Covered in the Report: –

Overview of Malaysia Property Classified Market

Ecosystem of Major Entities in Malaysia Property Classified Market

Business Cycle and Genesis of Malaysia Property Classified Market

Malaysia Property Classified Market Size, 2015-2021

Malaysia Property Classified Market Segmentations

Competition Analysis: Market Share of Major Listings and Classifieds and Major Aggregators & Co-Living Companies

SWOT Analysis in Malaysia Property Classified Market

Revenue Models in Malaysia Property Classified Industry

Growth Drivers and Restraints in Malaysia Property Classified Market

Technological Advancements in Malaysia Property Classified Market

Impact of COVID19 in Malaysia Property Classified Market

Key Trends in Malaysia Property Classified Market

Outlook and Future Projections for Malaysia Property Classified Market

Future Market Segmentation by Business Model and Revenue Sources

Recommendations / Success Factors

Research Methodology

Appendix

For More Information on the research report, refer to below link: –

Future of Malaysia Property Classifieds Market Outlook

Related Reports by Ken Research: –

UAE Real Estate Market Outlook To 2025 – By Office Real Estate Market (Premium, Grade A And Grade B); By Retail Real Estate Market (Super-Regional Malls, Regional Malls, Community Centers, Neighborhood Center And Convenience Center); By Residential Real Estate Market (Apartment And Villas) And By Hotel Real Estate Market (1-3 Star, 4 Star, 5 Star And Hotel-Apartments)

Vietnam Online Classifieds Market Outlook To 2023 – By Horizontal And Vertical Classifieds, By Source Of Revenue (Listings And Advertising), By Verticals (Automobile, Properties And Recruitment)

Philippines Online Classifieds Market Outlook to 2021 – Growing Real Estate Market & Demand for Used Cars to Gain Traction in Future

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

RELATED ARTICLES

Increase in smartphone and internet penetration, Government support, consumer preference towards local language is expected to drive India Vernacular News and Content Platform: Ken...

Buy Now Increasing Internet and Smartphone penetration, improving digital literacy, reduced internet charges and covid-19 pandemic have collectively influenced the demand of Vernacular users in...

3 Key Insights on Competitive Landscape in the Global Digital Signage Market: Ken Research

Buy Now Country Niche Players Dominate the Market Holding ~50% Share Despite the Presence of about ~1,000 Competitors Comprising a Large Number of Regional Players...

5 Key Insights on US$ 30 Bn Opportunity in the Global Digital Signage Market: Ken Research

Buy Now Driven by the Innovation and Technological Advancement in Display Tech, the Global Digital Signage Market is Forecasted to Reach ~US$30 Bn by 2028, says...

Most Popular

Mr. Jan Frank Country Director of Arctic Wolf Global, talks about Vietnam Cold Chain industry is growing rapidly due to higher demand from food...

In conversation with Mr. Jan Frank, Country Director, Arctic Wolf Global, Vietnam, we tried to understand the Cold Chain Industry in Vietnam. We also...

Philippines Auto Finance Market Growth, Analysis and Outlook to 2026: Ken Research

Buy Now Philippines Auto Finance Market Overview Philippines is 2nd fastest growing vehicle market in ASEAN with Commercial vehicles with higher market share and the market...

Due to rapid increase Foreign Infrastructural Investments, Improving Connectivity along with government support is fuelling the expansion of Logistics Industry in Myanmar: Ken Research

Buy Now Sea Transport Sector is the Dominant Mode of Transportation in Myanmar: Myanmar has an extensive sea network that is well positioned to serve...

Initiatives of Vision 2025, to achieve 100% clean water bodies for waste water will ensure business sustainability in KSA

Buy Now KSA Industrial Waste Water Treatment Market is Anticipated to Grow at a CAGR of 12.9% during the Period 2022 – 2026F,...