Many Malaysians view that property prices are still too expensive and the prices have continued to rise at an unacceptable pace despite the introduction of the National Housing Policy 2.0 and goodies offered during various homeownership campaigns.
A survey conducted by property online platform PropertyGuru revealed that a majority of Malaysians are still not satisfied with the current prices.
This sentiment could dampen the public’s earlier optimism on the government and private sector’s efforts to increase housing affordability for the masses.
“The sentiment comes amid widespread perceptions that property prices remain high in the country with unfavourable market timing, and a lack of capital and good financial options cited as challenges by property seekers,” the PropertyGuru Consumer Sentiment Survey for the second half of 2018 (2H18) noted.
Media Title: The Malaysian Reserve
Date: 23 May 2019