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Malaysia Property Classifieds Market Outlook to 20206: Ken Research

The report titled Malaysia Property Classifieds Market Outlook to 2026F –Driven by Increasing Internet Penetration and Smartphone Users along with Rise in Virtual Toursprovides a comprehensive analysis of the potential of Property Classified industry in Malaysia. The report covers various aspects including the current real estate scenario and rental rates in Malaysia, revenue generated from Malaysia Property Classified market, its segmentations viz Business Model(Listings and Classifieds and Aggregators and Co-Living), By Rent and Sale, By Region (Penang, Putrajaya, East Region, Cyberjaya Selangor, Johor, Klang Valley, Kuala Lumpur), revenue models, major trends and development, issues and challenges, technological advancements and competition analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.

Overview of Malaysia Property Classified Market

Malaysia, with a population of 32.7 Mn in 2021 and being the 2nd Largest Economy in Southeast Asia region, is experiencing a digital wave sweeping across its real estate 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.  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 growing at CAGR of 19.2% during 2015-2021. 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.

By Business Model: Revenue Via Listings and Classifieds generated highest revenue due to increased user base. 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: The Rent transaction dominates the marke with advertisement-based revenue model gaining traction in the recent years.

By Region: Klang Valley leads the Malaysia Property Classified Market in terms of revenue due to a high concentration of commercial and recreational activities. The number of vacant office spaces in the Klang Valley grew at an alarming rate 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.

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The market is moderately concentrated for listings and classifieds companies with major players including PropertyGuru, iProperty, RentGuard, Mudah.my, StarPropertyetc and fragmented market for aggregators & co-living companies with top players namely Komune Living, Sleepy Bear and others. 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 33.3% CAGR during 2021-2026 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

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