HOMEBUYERS and investors who have been waiting on the sidelines for the government to tweak the property cooling measures before committing to a purchase will have to wait a little longer.
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It is expected that 2016 could spell another challenging year for the local real estate market unless the domestic and global economic situation improves, according to local property consultants polled by City&Country.
DEVELOPERS have begun to make adjustments to mitigate the slowdown in Iskandar Malaysia’s property market.
Property sector Maintain overweight: Recent statistics released by the National Property Information Centre (Napic) revealed that overall property transaction value was up +7% year-on-year (y-o-y) to RM163 billion, while volume changed hands rose +0.
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