Back in 1991, Tun Dr Mahalhir Mohamadunveiled Wawasan 2020 – a vision of Malaysia to be an industrialised, self-sufficient nation by the year 2020.
Now, 29 years later, we are in 2020 but with more to be done to fully achieve such status. The market went through several booms and busts – from the era of Asian Tiger Economies to the Asian Financial Crisis in the 1990s, and in the new
millennium, the Dotcom Bust, Subprime and Eurozone Crisis to the latest global challenges and potential trade wars.
In the world of real estate, the nation has experienced the boom and fall in property cycles as well as urban realities making headlines as urbanisation spreads wider, (going into the second decade of the millennium, let us see how the property market has performed in the past year and how to prepare ourselves in the coming months.
