Residential property needs ‘realistic’ evaluation

TheStar Sat, Jul 20, 2019 11:15am - 4 years View Original


PETALING JAYA: The Malaysian residential market needs to be evaluated with a more realistic approach to curb the rising overhang that’s being caused by the current demand-supply mismatch in the market.

Property consultancy firm Nawawi Tie Leung (NTL), in a report yesterday, noted that the residential property market across Malaysia has been undergoing trying times, adding however that increasing interest from first-time home buyers has “swayed” the residential market towards affordable housing.

“In addition to the other affordable housing initiatives such as affordable housing schemes, funding schemes, House Ownership Campaign (HOC), the government with Securities Commission released its new property crowdfunding framework recently. Growing confidence has been shown in these initiatives in the last few quarters,” it said.

Additionally, NTL said the high-end residential market sampled in Kuala Lumpur continues to remain soft due to subdued activity.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

GLOMAC 0.380
KLCC 7.440
SIMEPROP 0.920
UEMS 1.210

Comments

Login to comment.