Lee: Property Market Still Promising

Even with the challenging headwinds ahead, independent economist Lee Heng Guie believes that the medium-term prospects of the Malaysian property market are still promising, reported The Star. And while property prices may ease further, he does expect prices to drop significantly. “This is because Malaysia is not heading for an economic recession,” said Lee during a … Read more

Slowdown in property demand to persist until 2017

Maybank Investment Bank Research expects the slowdown in property demand to persist for another 12 months until 2017, reported The Star. “While some projects have shown some signs of sales stabilisation, there are no signs of a broad-based pick-up just yet. We expect overall property sales to stay weak amid the slowing economic momentum,” it … Read more