Property:Cautious sentiment continues
It looks like downward trend in residential property prices on the secondary market in Johor Baru, apparent since 4Q2008, will continue to plague the state’s property market for a while yet.According to KGV-Lambert Smith Hampton Johor director Samuel Tan, homebuyers in Johor Baru are maintaining a cautious stance.“Despite the recent slight stock market rally, the outlook for the economy and Joh