Weekly Industry News

Malaysian property market to further stagnate in 2019 — Rahim & Co

Weekly Industry News

The Malaysian property market will go through another year of “further stagnation” before a more meaningful recovery can be seen in one to two years from now. But the industrial sub-sector will be the least impacted for now, said property consultant Rahim & Co.

“As we enter 2019, we foresee the new year to be a period of further stagnation with continued hope and anticipation of improvements, with the introduction of new policies and incentives aimed at the property market such as the National Housing Policy 2.0 and property crowdfunding platform,” Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman told reporters at the launch of its 2018/2019 property market research publication here yesterday.

“Collectively, the continuation of the wait-and-see sentiment and the persisting struggle of buyers [in] securing housing loans contributed to the market’s stagnation and the rising of inventory levels.”

Media Title: The Edge Financial Daily

Date: 20 Feb 2019

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