Advertisements

MORE opinions on ‘property market Malaysia’

After the first article was published about the different opinions on the property market in Malaysia, it garnered no less than 1,000 views within few days. I think everyone loves it if someone can read ten different articles from ten different places, summarises them into just one article. Ok, I am doing the second summarising today, covering the opinions that I did not cover in my first article earlier.

From Iskandar, we have REHDA Johor Chairman, Mr. Koh saying that the Year of the Horse is going to be challenging and that developers must be well-prepared to face the worst. In fact he said that most of the developers would not rush and instead would adopt a wait-and-see approach in the first quarter of 2014. Does this mean lesser launchings? Let’s wait.

KGV International Property Consultants (M) Sdn Bhd director Samuel Tan Wee Cheng meanwhile said theat due to all the new policies, the buyers would be more cautious. The two significant ones are the RPGT hike  and the ceiling price hike for foreigners from RM500,000 to RM1 million. (Currently, this has yet to be gazetted, perhaps effective only from April 2014)

Veena Loh, the General Manager of Malaysia Property Incoroprated (MPI) said that Penang will not be hot this year compared to KL. However, she opines that Iskandar Malaysia is going to be very good for the long term. Generally though, both local and foreign buyers will likely take a wait-and-see attitude this year. (2014)

Paul Khong, Executive Director of CB Richard Ellis gave a strong endorsements to the following areas in Klang Valley. He said, these areas can never be wrong. Damansara Heights, Desa Park City, Hartamas, Bandar Utama, Mutiara Damansara and Bangsar. Nevertheless, he did say that the landed properties in these locations are already at a premium.

The Managing Director of Khong & Jaafar, Elvin Fernandez said that landed properties and shop houses will continue to be favourite of many. He also said something which is most likely happening; interest rates will be going up this year. Nevertheless, he does not expect a drastic fall in prices though volume will drop a lot making it difficult for developers and making competition in the housing industry harder.

There, I think we have covered nearly all or majority of all the more famous comments which are published in major newspapers both offline and online. Many words kept repeating themselves, ‘prices not falling’, ‘cautious but optimistic’. Think what you think. Do what you do. Happy reading.

written on 25th Jan 2014

Next suggested article: Steps to start your property investments

Alternatively read the original article about the ‘recent opinions of property gurus’

Advertisements

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

Property prices falling: excess supply and cooling measures

This was reported by a UK-based newspaper, Financial Times (FT) about the property prices here in Kuala Lumpur. It said that the reason for average sales dropping by 4 percent since last July is because of two reasons; excess supply and domestic cooling measures. Judy Ong of Knight Frank in Kuala Lumpur said, “The inflation […]

Read More

‘Money not enough’ from beginning 2019 till July 2019

Important notice where money and loans are concerned. Article in thestar.com.my here.  Nomura Research warned in its recent 2019 outlook report, that a number of countries in Asia including South Korea, Greater China, Singapore, Thailand and Malaysia may be experiencing a sudden shortage in the availability of money for lending, leading to a decline in loans available. […]

Read More

3 Comments

  • inspirepeter on March 13, 2014

    Reblogged this on inspirepeter.

  • YK on May 25, 2014

    Interest rates unlikely to move up this year ….

    • chialih on May 25, 2014

      Hi YK, everyone is entitled to their opinion. Final decision, up to BNM. Perhaps you are right. 🙂

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 905 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: