The contribution of the owner-occupied dwelling industry to Malaysia's GDP stood at 2.3% in 2023. The forecasted data from 2024 to 2028 shows a consistent increase in the industry's contribution, with 2.4% in 2024, 2.5% in both 2025 and 2026, and 2.6% in both 2027 and 2028.
Year-on-year variation indicates steady growth:
- 2024: +4.35%
- 2025: +4.17%
- 2026: +0%
- 2027: +4%
- 2028: 0%
The compound annual growth rate (CAGR) over the forecast period (2024-2028) averages out to about 2.39% annually.
Key future trends to watch include:
- The impact of government housing policies and incentives
- Changes in household income and purchasing power
- Developments in real estate and construction sectors
- Market adjustments following global economic shifts
