Malaysia's property market still resilient despite challenges

The property market remains resilient despite of the challenging economic environment, according to observers.

Rahim & Co Research director Sulaiman Saheh said although the number of launches and sales performance of developers have been declining, there were projects that were performing well due to the nature of the product, concept, location and marketing strategies.

“Market fundamental is still resilient and the market has the holding power, in spite of some expectations of rising unit sales,” he said during a presentation at the Rahim & Co property research seminar recently. He said affordability is still a major concern. “The market is leaning towards the affordable market segment.

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Petaling Jaya  •  28 Dec 2016   •