Malaysia

The housing market in Malaysia1 has been performing well in terms of pricing and transaction volume since independence in 1957. The Malaysian housing sector constitutes more than 50% of total property transactions. In Malaysia, house pricing is determined by a free market with limited government controls. The government plays a role in establishing the policy to ensure the residential property sector functions according to rules and regulations. The involvement of institutional investors also plays a major role to overcome the house price issue in Malaysia. Among others is sustainable lending policy, which is based on the prudent and responsible lending that enables borrowers to pay and promote sufficient credit risk. The Malaysian government has striven to make the land registration process efficient using an online registration system at the submission phase. The deed of assignment is a legal instrument that conveys the transferring of property rights from the seller (assignor) to the buyer (assignee).