Weekly Industry News

Property market showing signs of bottoming out

Weekly Industry News

The Malaysian property market is showing signs of bottoming out, underpinned by government-driven initiatives such as the ongoing Home Ownership Campaign 2019 (HOC).

Knight Frank Malaysia managing director Sarkunan Subramaniam said in a statement yesterday that Malaysia’s property market is poised to gather more momentum moving into the second half of 2019 as the market is “firing various cylinders”.

In the same statement, the property consultancy said the HOC (which was extended six months till the end of 2019 from June 30 initially) will continue to stir interests among homebuyers while providing an opportunity for developers to clear existing stock.

Media Title:  The Star

Date: 24 Jul, 2019

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