Weekly Industry News

` Effects of govt stimulus will kick in to boost property market in 2019`

Weekly Industry News

Real estate consultancy firm Rahim & Co expects the property market to record mixed performance in 2019 as the incentives provided by the government begin to show results.

Its director of research, Sulaiman Saheh said in the first half (1H) of 2018, the property market experienced softer decline of 2.4% year on year (yoy) in comparison with the 6.1% drop in the 1H of 2017.

He was speaking to the media after the launch of Rahim & Co’s 2018/2019 Property Review here today.

“Looking at the past five-year trend, transaction activities have fallen at a slower rate thus showing that the lower end of the cycle is coming to an end – as had been anticipated by all within the property market,” said Sulaiman.

MediaTitle: Daily Express (KK)

Date: 18 Mar 2019

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