Property market to be challenging:Realtor
Published on: Saturday, February 06, 2016
Kuala Lumpur: Real estate consultancy, Rahim & Co International Sdn Bhd, expects the property market to be challenging with moderate activity this year. In a statement, Rahim & Co said while overall property prices are still expected to rise, the residential sector is anticipated to experience a marginal increase. "Depending on the location and type of property, some may see price consolidation, with the gap between sellers' asking prices closing towards buyers' expected prices.
ADVERTISEMENT
"More focus will be seen on the affordable housing segment as well as the secondary markets, with strong owner-occupier demand, while the office sector remains challenging," it said. The firm said the market would still remain cautious, whereby buyers were definitely becoming more discerning in their purchases across all sectors, with bargain purchases expected to slowly creep up in the market. Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
