Weekly Industry News

MIEA: Property market expected to improve

Weekly Industry News

THE local property market is expected to improve, at least up to 2020, according to the Malaysian Institute of Estate Agents (MIEA).

Its president Eric Lim Chin Heng said the property market may have bottomed out last year, with transaction volumes hitting 311,824.

Lim envisaged that the market will continue experiencing “confidence-gaining growth” as fundamentals improve under the new government.

“Real estate investors, who have been playing an important part in the property market’s growth, have been on the sidelines for many years and are looking forward to coming back to the market,” he said in a statement last week.

Media Title: New Straits Times

Date: 16 Aug 2018

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