How you perceive stressful situations could help minimise their health impact

Seeing a stressful situation as a challenge, rather than a threat, can help you avoid suffering both physically and mentally. — AFP

Reframing stressful situations could help minimise health and well-being problems

 FROM mounting workloads to relationship problems, moving house or looming exams, stressful situations come and go, but they all have one thing in common: they can play havoc with your health.

But it all depends on how you view them, a new British study reveals. In fact, seeing stressful situations as challenges, rather than threats, could prove beneficial to physical and mental health.

The figures speak for themselves: the global population is struggling. According to the World Health Organization (WHO), nearly a billion people worldwide were living with at least one mental disorder in 2019, and the situation has since worsened considerably.

The global health authority estimates that the worldwide prevalence of anxiety and depression rose by 25% in the first year of the Covid-19 pandemic alone. 

It's an edifying finding, and one that serves as a wake-up call to the importance of taking action to try and curb the phenomenon.

While action is needed on a global and national scale, each of us also has the opportunity to take action, at our own personal level, to better cope with situations that could affect our health and well-being.

So suggest the findings of a new study by researchers at the United Kingdom's University of Bath, who found that the way we approach stressful situations can have an impact on our physical and mental health (or not, as the case may be).

Perception of stress

The study authors started from the simple observation that a person can perceive a stressful situation in two ways. 

They can either feel overwhelmed, and therefore see it as a threat, or they can feel capable of dealing with it, or even managing it, and therefore see it as a challenge.

This can be particularly true in the world of sport, where mindset can influence an athlete's performance.

In fact, the researchers turned to athletes to carry out their research, which is based on "valid and reliable" measures of challenge and/or threat assessment, mental health, well-being, and physical health problems from 395 athletes who responded to an online survey.

Published in the journal Stress and Health, the results suggest that participants who saw stressful situations as threats were at greater risk of physical and mental health problems, compared to those who saw them as challenges.

"We found a convincing link between mental and physical ill-health, and the way a person typically views stressful situations," said study co-author Dr Lee Moore from the Department for Health at the University of Bath, quoted in a news release.

"The more you’re able to appraise a stressful situation as a challenge, the more likely you are to report good health and well-being."

He continues: "Researchers have speculated for the past 15 years that people who repeatedly believe they don’t have the resources to cope in stressful situations are putting their health at risk, but we believe this is the first time the theory has been properly tested, leading to us finding a link between stress appraisals and health."

Although the study was carried out on athletes, its authors believe that the findings are equally valid for the rest of the population. 

They point out that the negative consequences induced by the way stressful situations are approached can range from a simple cold or flu, or even a weakened immune system, to mental health disorders such as anxiety or depression. 

It is hoped that this research will ultimately lead to the improved identification and management of people at risk of health problems due to increased stress.

"Most people will fluctuate in the way they appraise a situation, depending on the details of the specific situation, however, some people are far more likely to appraise all stressful situations as a threat, and this study shows that this tendency is associated with poorer health and well-being," concludes Moore. – AFP Relaxnews

Pullout quote: "The more you’re able to appraise a stressful situation as a challenge, the more likely you are to report good health and well-being." - Dr Lee Moore

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 Nagging thoughts? Try this Hawaiian mantra to achieve inner peace

 

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Nagging thoughts? Try this Hawaiian mantra to achieve inner peace

 

Repeating the mantra – I'm sorry, please forgive me, thank you, I love you – while taking responsibility for a specific situation can help restore inner peace. — AFP

FROM an argument with your partner, to a conflict at work, to a niggling thought that just won't go away, there are many situations that can lead to negative emotions, or even real mental blocks. 

In this case, why not try the Ho'oponopono method? This age-old Hawaiian tradition involves taking full responsibility for your actions and letting go of limiting beliefs to reconnect with yourself and others. Here's how it works.

What started out as an ancestral tradition aimed at resolving conflicts within a community, or even a family, the Ho'oponopono method has gradually evolved into a whole life philosophy, and even a personal development practice. 

But the basic objective remains the same: to eliminate certain limiting beliefs (or memories) with the help of a mantra, in order to regain inner peace and resolve situations considered stressful or conflicts with others. In a way, this life philosophy is based on introspection and empowerment, with the key coming from your inner self and not from others.

What does it promise?

According to the website Hawaiian Dictionaries, the term "ho'opono" can mean "righteous, respectable, correct, upright," or "to behave correctly." But, more precisely, it's a tradition aimed at overcoming certain conflicts (professional), relationship problems (like an imminent breakup) and other difficult situations (like a death) all through the art of introspection.

"Ho'oponopono is the practice of sincere apology and true forgiveness. It is used today by many families, and in the past few decades, it has found its way around the globe," reads an article on the subject by Psychology Today.

When is it useful?

As mentioned above, the Ho'oponopono method is now considered a life philosophy, so there are no limits or restrictions, whether for adults or children. Any unpleasant situation, whether it affects your mind or your emotions, can justify the use of this personal development practice. "When heartfelt, ho’oponopono rectifies and helps heal the person asking forgiveness or all the people involved in the process," explains the American magazine.

How does it work?

While this method is based on a four-part mantra, to be repeated tirelessly to yourself (and in silence), it's not just a matter of saying these words to make yourself feel better and resolve your conflicts – whether internal or relational. 

This practice requires a certain amount of introspection, and is based on an awareness of your own personal responsibility for this or that action or situation .

Once this principle has been grasped, it's time to move on to the famous mantra. This involves repeating the following, over and over in your head – I'm sorry, please forgive me, thank you, I love you – whenever you encounter a situation likely to affect you. As we've seen, the idea is to eliminate certain beliefs that can trap you in, or even foster, difficult situations. – AFP Relaxnews

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You use the mantra, "I'm sorry, Please forgive me, Thank you, I love you," to acknowledge and take responsibility for any negative thoughts, actions, or emotions that may have contributed to conflict or disharmony. The mantra helps release these negative elements and transform them into positive, healing energy

Heal your life, get over haunting memories, overcome deep-seated guilt, and let go of generational baggage and negativity through Ho'oponopono Prayer. This beautiful prayer is a traditional Hawaiian practice as a tool for reconciliation and forgiveness across lifetimes. As you repeat or hear this mantra meditation, try to feel it from your heart. Forgive and be forgiven. May your life come to balance through the magic of Ho'oponopono. #Prayer #Meditation #MindBodySoul

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How you perceive stressful situations could help minimise their health impact

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Overlooking principles

 

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US’ crackdown on TikTok tramples upon First Amendment rights

The US’ crackdown on TikTok tramples upon its First Amendment rights.

Witch hunt against TikTok shows hysteria of US politicians

As a US bill that could potentially ban the use of TikTok in the US sailed unanimously through ...

Washington politicians once again openly try to rob TikTok: Global Times editorial

The groundless “presumption of guilt” without any evidence is still applied, and the utter violation of the principles ...

TikTok CEO Shou Zi Chew (center) testifies at a US Congressional hearing on March 23, 2023. The hearing, which was supposed to discuss data security and protection of children, was described by many netizens as a barbaric witch-hunt and pure bullying. Photo: VCG

US bill forcing ownership change of TikTok another hysterical move in crackdown against Chinese companies

Act is political gamesmanship, to dent bilateral ties

As a US bill that could potentially ban the use of TikTok in the US sailed unanimously through a House committee, Chinese experts said that the act is political gamesmanship by politicians playing the China-bashing card and yet another hysterical move in its crackdown against Chinese companies.

With bilateral ties showing signs of stabilization amid enhanced engagements between the two sides, Chinese analysts warned that the cyber witch hunt against TikTok - used by roughly 170 million Americans - and sheer extortion of a successful company will have negative effects and cause bilateral ties to retract.

The bill, which threatens to ban TikTok from app stores operated by Apple and Google unless the popular short video platform divests itself from ByteDance, its parent company, within about six months, passed unanimously out of the US House energy and commerce committee on Thursday with a vote of 50 to 0.

The bill is set for a floor vote next week.

US media outlet CNN described the bill as the "most aggressive legislation" targeting TikTok to come out of a congressional committee since company CEO Shou Zi Chew testified to lawmakers last year that the app poses no threat to Americans in a grueling hearing.

Chinese observers said the passing of the TikTok bill demonstrated a persistent campaign by some US politicians to hunt down the social media platform, which has enjoyed worldwide success, and is set to dent stabilizing ties between the two countries. Cooperation is the only sensible way forward in the field of science and technology, they noted.

"Some people in the US want to relate TikTok with China, threatening to impose further bans on the company. In the US presidential election year, some lawmakers aim to be tough on China regarding the sensitive and significant issue of TikTok, in order to demonstrate their commitment to so-called national security threats," Song Guoyou, deputy director of the Center for American Studies, Fudan University, told the Global Times.

Although the bill has only been passed within a committee of lawmakers and needs to go further through the legal pipeline, it nonetheless reflects a bipartisan consensus among some politicians in the US on this issue, Song said, noting that whether the bill can gain more support through legislative procedures needs to be watched closely.

"The bill demonstrated the obstinate political prejudice held by some US politicians against the influential platform," Li Yong, a senior research fellow from the China Association of International Trade, told the Global Times on Friday.

Last year, a federal judge temporarily blocked a statewide ban on TikTok in Montana, citing First Amendment rights.

Unable to provide any evidence, these politicians resorted to baseless fearmongering, Li said, refuting the claims that the app could present an espionage threat, as claimed by US politicians.

Driven by their sinophobic paranoia, some US politicians are pushing for a series of absurd bills, measures and bans on Chinese products or China-related goods. 

In addition to the witch hunt against TikTok, which can be dated back to the Trump era, cargo cranes, automobiles and even garlic were among the targets US politicians raised red flags against in recent months.

US Commerce Secretary Gina Raimondo said in a recent interview with US media outlet MSNBC that "cars these days are like an iPhone on wheels… Imagine a world with 3 million Chinese vehicles on the roads of America, and Beijing can turn them off at the same time."

In a rebuttal to these false narratives, Hua Chunying, China's Foreign Ministry spokesperson, asked, "Were you suggesting that iPhones, Tesla and even Boeing... have been sending secret data back to the US and could be shut down at any time by Washington?"

Expressing their disagreement with the bill, TikTok users in the US are flooding the congress will telephone calls, with some staffers saying there are as many as 20 calls per minute, according to a report by The Guardian on Friday.

US social organizations such as the American Civil Liberties Union have slammed the bill as "unconstitutional." The Computer and Communications Industry Association, a major trade group representing tech powerhouses including Apple and Google, was also against it.

The move came amid enhanced engagements between Chinese and US officials and business organizations pointing to stabilizing ties, which help alleviate growing concerns among businesses and governments around the world.

The US and China have reportedly agreed to extend a science and technology agreement for another six months.

Chinese analysts said the two countries stand to benefit from cooperation on science and technology, and the ruthless crackdown on Chinese companies can only serve to undermine trust and damage stabilizing bilateral ties.

The renewal of the US-China Science, Tech Pact will be a test of how willing the Biden administration truly is to consider mutual interests, listen to the scientific community's voice and jointly maintain the stability of China-US relations, Song said.

A TikTok spokesperson told the Global Times on Wednesday that "this bill is an outright ban of TikTok, no matter how much the authors try to disguise it. This legislation will trample on the First Amendment rights of 170 million Americans and deprive 5 million small businesses of a platform they rely on to grow and create jobs."

Chinese Foreign Ministry spokesperson Mao Ning said on Friday that China believes ties with the US are not a zero-sum game and is opposed to defining ties by competition.

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China: Democracy that Delivers

 

China: Democracy that Delivers

 

Thousands of NPC deputies & CPPCC members gather in Beijing with their proposals about national policies. In a one-hour special episode, CGTN's Liu Xin engages with experts about China's democratic practices, and one mystery guest appears to share insights! #2024ChinaAgenda

Whole-Process People's Democracy from a Global Comparative Perspective

A recent global survey by the Academy of Contemporary China and World Studies reveals that the value and practice of whole-process people’s democracy have won widespread plaudits throughout the international community.

Developing whole-process people’s democracy is one of the intrinsic requirements of China’s modernization. It is a creation of the Communist Party of China in the process of advancing democratic theories and practices through drawing on the historical lessons of China and the world in governance. Whole-process people’s democracy fits Chinese conditions, as manifested in China’s nationwide vibrant vitality. It also contributes Chinese wisdom to the global promotion of democratic practice.

In 2023, the Academy of Contemporary China and World Studies conducted a survey in 23 countries across five continents on practice and modern development of democracy in China. Results showed that the value and practice of whole-process people’s democracy has won widespread plaudits throughout the international community.

While “acting” as deputies to the people’s congress, foreigners from the Global Young Leaders Dialogue program experience the solemn exercise of state power on behalf of the people by pressing voting keys on the desks of the Standing Committee of the Beijing Municipal People’s Congress. (Photo: China Today)

Democracy Takes Root in China

Democracy is a universal aspiration. In light of different social and political conditions, as well as historical and cultural traditions, however, different countries have followed different democratic paths. Upon the end of the Cold War came a call from the international community to follow the Western approach to democracy, which it regarded as “universal,” eternal, and humanity’s sole pathway to a happy life.

Western countries hence exported their particular vision of democracy, which certain developing countries aped. But the result, rather than peace and development, was turmoil. Former Dutch foreign minister Wopke Hoekstra once said that many countries had lost interest in Western democracy, rather preferring their own versions, and nor did they buy the Western interpretation of human rights. The loudly overt disinclination on the part of these countries to bow to Western democratic norms strikes a chord in the international community, Hoekstra said.

Results of the Academy of Contemporary China and World Studies survey showed that 95.7 percent of respondents endorsed the view whereby countries should choose the path to democracy and modernization that is best suited to their national conditions; moreover that variances in countries’ national conditions and stages of development make impossible the Western one-size-fits-all democratic model.

Whole-process people’s democracy has advanced and been formed on the basis of China’s historical traditions, culture, and economic and social development. It embodies the essence of fine traditional Chinese culture. As the world’s longest “continuous civilization,” China boasts more than 5,000 years of history, which embodies the Chinese nation’s most profound spiritual pursuit. It is also imbued with the Chinese nation’s specific world view, values, and conceptions of history, civilization, and democracy. Chinese traditional culture regards people as the foundation of a state which, when solid, endows stability and tranquility upon that state. The people are thus more important than the ruler. Traditional Chinese democratic ideas and aspirations regarding the common good so form the cultural basis whereon the values of whole-process people’s democracy are nurtured.

The survey also showed that the traditional values conveyed by whole-process people’s democracy have achieved recognition throughout the international community. More than 86 percent of those polled endorsed the values of harmony, benevolent government, rule of law, and rule of virtue as most precious and relevant to improving global democratic politics.

Democracy with People at the Center

Democracy is not a decorative ornament, but an instrument for addressing issues that are of concern to the people. Distinguished British journalist, academic and political commentator Martin Jacques has targeted Western democracy with a torrent of questions. Given that many in the West regard their governance system as the world’s best – hence one with which the Chinese system could not possibly hope to compete – why is it that the West is in such a rapid decline? And how has China managed to attain such upending changes over the last 40 years? Don’t the two respective governance systems have impact on such distinctly contrasting trajectories?

The Global Satisfaction with Democracy Report, published by Bennet Institute for Public Policy at the University of Cambridge, showed that people in more than 100 countries and regions are dissatisfied with Western democracy, and that 2019, the year the COVID-19 pandemic broke out, reflected the highest level of democratic discontent on record. The reason may be that the malfunctioning Western democracy has resulted in governance failure; hence that Western democracies are suffering a crisis of faith.

Whole-process people’s democracy, meanwhile, requires that the running of the country by the people is specifically reflected in governance policies and measures. Ronnie Lins, CEO of Center China & Brazil: Research and Business, said in 2017 at the BRICS Governance Seminar in Quanzhou that China’s governance model exhibits extremely high efficiency by virtue of the country’s remarkable achievements. China has indeed won the people’s support through state governance that emanates from democratic practice, which is tailored to the people’s interests and needs.

Results of the Academy of Contemporary China and World Studies survey showed a global belief on the part of respondents that China’s employment of whole-process people’s democracy to improve the state’s capacity for governance and modernize the state governance system stands as testament to the strong practical efficacy of the Chinese democratic system. An average 94 percent of respondents from 23 countries – a 7 percent increase over the previous year – praised China’s capacity for state governance, saying that the country’s highly efficient, stable, and sustainable policy decision-making embodies the modernization level of the country’s democratic governance. A substantial proportion of respondents from developed countries – almost 10 percent higher than that of the previous year – was particularly lavish in their plaudits.

Whole-process people’s democracy lays great store on resolving the contradiction between people’s ever-growing needs for a better life and unbalanced, inadequate development. It is committed to realizing sound, stable, high-quality development, and ensuring that development results bring the people ever greater benefits. Ong Tee Keat, chairman of the Center for New Inclusive Asia in Malaysia, said in an interview with Beijing Review that China’s democracy is for the people and realized through a goal-driven approach. Substantial improvements in people’s lives, large-scale poverty reduction, and a far higher standard of public health services provide solid evidence that the priorities of the Chinese government are fueled by its pursuit of the people’s wellbeing.

The practical efficacy of whole-process people’s democracy has won widespread approbation throughout the international community. The survey showed that respondents from 23 countries are optimistic about China’s economy. An average 93 percent of them believed that China’s economy shows resilience and high potential, and that it will sustain growth in the long run. They spoke highly also of China’s manufacturing and technological innovation, saying that whole-process people’s democracy has spurred social innovation. More than 90 percent of respondents praised China’s Internet technology, high-speed rail technology, 5G telecommunication technology, infrastructure, and super hybrid rice technology. They believe that China heads the world in technological innovation, and provides its people with high-quality products.

Foreign young representatives from the Global Young Leaders Dialogue program visit an exhibition about the development history of the Beijing Municipal Committee of the Chinese People’s Political Consultative Conference. (Photo: China Today)

Holistic Approach to Democracy

Functionally, democracy is supposed to build consensus in society, rather than social division or confrontation. But today, political polarization is rampant in Western democracies. Disputes and confrontations prevail within organizations and communities, and also among different political parties, social classes, and ethnic groups. The State of Democracy in the United States: 2022, published by China’s Ministry of Foreign Affairs in March 2023, observed that the United States has fallen victim to the vicious cycle of democratic pretensions, dysfunctional politics, and a divided society. Such problems as money politics, identity politics, social rifts, and the gulf between rich and poor have worsened. A 2024 Gallup poll shows that only 28 percent of American adults are satisfied with U.S. democracy – lower even than the 35-percent satisfaction rate shortly after the Capitol riots on January 6, 2021. A record low indeed.

China, meanwhile, after more than 40 years of reform and opening-up, has created two miracles of rapid economic growth and long-term social stability. Whole-process people’s democracy has been instrumental in maintaining long-term social stability. It ensures that the people gain equal benefits from development achievements and enables them to express their demands and concerns in a timely manner. Favorable public opinion thus provides a stable foundation for China’s sustainable development. The Academy of Contemporary China and World Studies survey showed that 92 percent of respondents in 23 countries – almost 5 percent more than in 2022 – regard Chinese society as stable, solidary, safe, and orderly. Similarly positive opinions among respondents in developed countries rose by nearly 10 percent.

Practice has shown that the Chinese people fully recognize and support the role that whole-process people’s democracy plays in realizing the running of the country by the people, and building consensus. This demonstrates China’s institutional strength, as well as the vitality and bright future of whole-process people’s democracy, the latter of which (the survey showed) has greatly improved public confidence in and satisfaction with the government. More than 98 percent of Chinese respondents said that they trust the government, and are satisfied with the country’s democracy and clean government. Over 94 percent of the Chinese people polled expressed satisfaction with social fairness and the environment, and confidence in the Chinese culture. The effect of whole-process people’s democracy is obvious in having heightened the people’s sense of advancement, happiness, and security, as reflected in the opinions of more than 96 percent of Chinese respondents.

Since 2021, the Academy of Contemporary China and World Studies has organized the Global Young Leaders Dialogue program, under which it launched a global youth salon themed on observing whole-process people’s democracy through Beijing’s practice. Young people from more than 10 countries, including the United States, Italy, Pakistan, Nepal, and Colombia, had an immersive experience of China’s whole-process people’s democracy in the offices of the Standing Committee of the Beijing Municipal People’s Congress, and in the Beijing Municipal Committee of the Chinese People’s Political Consultative Conference, as well as in residential communities. In the event, these young representatives from foreign countries “acted” as deputies to the people’s congress where they pressed the voting key, so experiencing the solemn exercise of state power on behalf of the people. They also put into operation the Beijing Municipal People’s Congress online budget supervision system, and were awed at the extent to which big data empowers the people’s congress review of the government budget.

These young foreign representatives believe that China’s democracy consists in a process of building consensus, which entails collecting and fully discussing public opinions, and then reaching consensus. For both mundane matters, such as everyday life issues and transport, and more important ones, like urban planning and implementation of reform measures, the people can express their opinions and make suggestions through democratic channels, thus for administration, legislation and law enforcement to be more procedure-based, democratic, sound, and effective.

There is no one-size-fits-all political system. Each country presents its distinctive values in building democratic systems and advancing democracy. Whole-process people’s democracy is not about exporting Chinese democracy to other countries. Rather, it tells those that are pursuing democracy that each country is entitled to search out the political system and path to democracy best suited to their national conditions. In the future, countries should learn from each other while forging ahead. Both drawing on the experience gained from fine political civilizations and giving full consideration to their national conditions and political practice, countries should take a problem-oriented approach to seeking out a model of democracy that fits their national contexts. Countries should join hands in opening up new chapters in the politics of human civilization.  

By YU YUNQUAN                     

YU YUNQUAN is president of the Academy of Contemporary China and World Studies.

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Two Sessions 2024

Check out our special coverage to explore more news on Two Sessions 2024

By Global Times | 2024/3/7 15:24:45

Things to know about China's Two Sessions

#GTGraphic: China's annual legislative and political consultative sessions, also known as the two sessions, will open next week. Take a look at the graphics to get some basic information.

• China's top legislature vows rule of law to defend national sovereignty, security

Growth momentum set to continue

 

Chester Cheng - Real Estate #malaysia2024 #malaysiarealestate #malaysiaproperty As the year 2023 comes to an ending, I wish everyone Happy New Year! This video sharing is my own personal opinions about the coming year 2024 for Malaysian real estate market.

The positive growth trend is driven by a higher increase in transaction values in all subsectors.

KAJANG: The Malaysian property market transaction values rose by almost 10% to a record of RM196.83bil in 2023 from the previous year, with its growth momentum expected to continue this year.

The property overhang situation had seen a slight improvement as the numbers continued to decline by 7% and 4% in volume and transaction values, respectively, from 2022.

Moving forward, the Valuation and Property Services Department (VPSD) said the property market performance is expected to remain cautiously optimistic this year. This is predicated on the healthy gross domestic product growth forecast for this year that’s supported by resilient domestic growth prospects.

Accommodative policies, well-executed measures outlined in Budget 2024 and proper implementation of strategies and initiatives under the 12th Malaysia Plan are expected to catalyse further growth in the property sector, the department said.

The number of property transactions last year recorded a positive growth of 2.5% to 399,008 in 2023, compared to 389,107 last year. The statistics were taken from the Property Market Report 2023 published by the National Property Information Centre (Napic) and VPSD, which is a department under the Finance Ministry.

“The performance of the property market is encouraging with transaction values in 2023 having reached a record, which is an increase of 9.9% from 2022.

“The momentum of the property market will continue to be supported through Budget 2024 measures related to affordable housing and first home financing towards generating a stronger economic performance for the year 2024,” said Finance Minister II senator Datuk Seri Amir Hamzah Azizan.

The positive growth trend is driven by a higher increase in transaction values in all subsectors, namely the residential at 7.1%, commercial 17.5%, industrial 13.1%, agriculture 4.6% and development land and others at 13.8%, compared to 2022.

Newly launched residential units also saw an increase of 4.4% to 56,526 units with a better sales performance of 40.4% from 36% in 2022, the department said.

In his speech at the property report launch yesterday, Amir Hamzah also highlighted the reduction in the property overhang.

“The status for the overhang or unsold units have reduced to 26,000 units with a value of RM17.7bil compared with almost 28,000 units valued at RM18.41bil in 2022,” he said.

Amir Hamzah also said there will be an improvement in the requirements for applicants of the Malaysia My Second Home programme to increase its “flexibility.”

“This will encourage more interest into property transactions in the country that will also attract more tourists and foreign investors into the country,” he said.

This move is expected to help increase investments into the financial markets, of which also includes the national property market, he added.

The government’s present efforts to boost the property sector include the exemption of stamp duty on the transfer of documents for the purchase of a person’s first home up to RM500,000, which will be effective until December 2025.

On another matter, the minister also urged all data suppliers to ensure the data provided to Napic were always accurate and correct.

“Please continue the good working relationship with Napic and the VPSD as the data supplied has a big impact in the future formulation of government policies for the property market.

“I also ask all the others involved, especially the developers, planners or agencies that approve development plans to continue to refer to the data that is being published by Napic, which is accessible through a dedicated portal,” Amir Hamzah said.

Meanwhile, the report said the Malaysian House Price Index stood at 216.5 points or RM467,144 per unit in 2023, with a moderate annual growth of 3.2%.

All major states recorded positive annual growth, led by Johor at 6.2%, Penang at 3.8%, Selangor 2.9% and Kuala Lumpur at 1.8%, the report said.

Meanwhile the performance of shopping complexes witnessed moderate growth in 2023, as the occupancy rate increased slightly to 77.4%.

The available space reduced to four million sq metres, while the availability rate decreased to 22.6%, it said.

Commenting on the property overhang situation, Rahim & Co International Sdn Bhd real estate agency chief executive officer Siva Shanker said he expects the overhang will go down further this year as the market stabilises and improves.

“The biggest cause of overhang units is mainly due to oversupply.”

“A mismatch in location, pricing and developers not meeting the buyer’s demands” are causes of overhang and unsold residential units,” he added.

According to the property market report, the states with the highest rates of residential overhang and unsold units last year were Johor, Kuala Lumpur and Selangor respectively.

Meanwhile, Malaysian Institute of Estate Agents president Tan Kian Aun said the positive reduction in the overhang is a good sign, which shows the vibrancy of the market to be able to absorb the outstanding units in the market.

Tan said the Home Ownership Campaign (HOC) last year showed good progress in the overhang statistics.

“Hopefully the government can consider extending the HOC to further reduce the overhang situation,” Tan told StarBiz.

When asked on the property market’s outlook, Siva said the days of phenomenal growth in the property market are over and he expects a slight growth in the property market for 2024.

Siva noted that “organic growth is a good thing.

“We want a market that is stable and sustainable in the long run as it will not fluctuate with unpredictable highs and lows.”