Next on the people’s wishlist was for clearer and more up-to-date data on housing prices and supply

Income disparity is still an issue where salary increment does not keep up with housing price growth, he adds.

The RPGT which had seen a new schedule of rates take effect at the beginning of this year is hurting property owners by trimming their profit margin.

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“Times have changed. The first thing young people look at is a good digital network coverage. No broadband or LTE connection, not buying.”

Rehda president Datuk Soam Heng Choon: There were no HOC events for overseas buyers organised by Rehda and HOC is not meant for foreign buyers.

“Industry players expect market sentiments to improve in the first half of next year, driven by seasonal effects such as Chinese New Year, companies giving out bonuses or salary increments which could help boost property sales.”

Rehda president Datuk Soam Heng Choon: These are actual sales, not developer’s calculations. The buyers have already gotten their loans and need certification from us for stamp duty exemption.

Absence of end financing is the top reason for the higher number of unsold units in the first half of 2019 (1H19), according to Rehda.

The move is expected to help with the sale of properties priced at RM600,000 and above that make up between 60% and 70% of unsold properties in the state.