FIABCI rules out possibility of property bubble burst
Hot winner: The Banjaran Hotsprings Retreat won the 2012 FIABCI World Prix d’Excellence Gold Award.
WHILE the current property market might seem a bit sluggish, things aren’t as bad as they seem to be.
FIABCI Malaysia secretary-general Dr Yu Kee Su believes that while the property market will remain slow going into 2019, he is, however, optimistic that the sector will not result in a property bubble burst.
“Demand for homes will always be there. Banks continue lending to qualified home buyers. Developers are also continuing to introduce creative packages in helping home buyers and we’re not hearing of additional cooling measures,” he tells StarBizWeek.
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