Weekly Industry News

Malaysian property market expected to remain resilient

Weekly Industry News

Malaysia’s property market is expected to remain resilient in the coming year despite the economic headwinds, as affordable housing and finding the right solutions to the property overhang will continue to be the main agenda of the government, according to the Valuation and Property Services Department (JPPH).

The department released nine reports today, including the Property Market Report, which showed that the property market is expected to rebound in tandem with the Malaysian economy.

“The close monitoring on the implementation of programmes under the National Housing Policy 2.0 (2018–2025) and various incentives introduced to promote home ownership among Malaysians, are expected to contain the overhang situation in the coming year,“ JPPH said in a statement.

Media Title: The Sun

Date: 30 Apr 2020

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