Are luxury properties making a comeback despite the slow market?

PETALING JAYA (March 11): Despite developers scaling back on new property launches, the number of new bungalows and garden villa units launched in 2H2015 have jumped to 312 from 24 units in 1H2015, according to the Real Estate Housing Developers Association of Malaysia (Rehda) Property Industry Survey 2H2015.

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Treading cautiously while remaining optimistic

2015 was indeed a challenging year for the market due to several internal and external issues, such as the implementation of the Goods and Services Tax (GST), the weakened ringgit, political uncertainty, and property market cooling measures, resulting in poor consumer sentiment.

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Penang’s residential market remains subdued

PENANG’S property market remains subdued in 2Q2015 with the average values in several locations and of property types staying flat, according to The Edge/Raine & Horne International Zaki+Partners Penang Housing Monitor 2Q2015.

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