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Why Malaysia is now a property buyer’s market

25 9 7

IF you were thinking of investing in property here in Malaysia, now is perhaps a good time.

This is mainly because developers of new properties around urban centres in the country are expected to reduce the prices of homes to drive up sales amid a cooling real estate market.

“These developers will be more eager to accelerate their sales by reducing selling prices via hefty discounts,” leading bank RHB research said in a report published Tuesday.

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

According to The Star, the level inventory of unsold units in the country is continuing to “worsen” even though developers are aggressively unwinding their unsold units over the past two years.


© Asian Correspondent