We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Malaysia’s cooling property market to gain stimulus

21 9 2

THE apparent glut in the Malaysian property market would likely see a respite in March with the injection of stimulus and incentives, an international real estate federation said.

The Southeast Asian country’s property market has been making headlines over the so-called glut and analysts noted that developers were partly to blame for building properties that were not aligned with the demands.

This has led to RM19.54 billion (US$4.7 billion) in unsold homes last year, of which most of them involved units priced over RM500,000 (US$120,481) and above per unit.

SEE ALSO: What’s behind Malaysia’s property glut?

However, Michael Geh, of Fiabci Malaysia, said this property downturn in the Southeast Asian country could be reversed........

© Asian Correspondent