KUALA LUMPUR: The outlook for Malaysia’s property sector in the first half of next year is expected to be mildly optimistic compared with the second half of this year. Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Seri FD Iskandar said a larger number of respondents in its latest property industry survey is more optimistic about the real estate industry in the first half of next year compared with the second half of this year. “Except for Malacca, prices of future launches are also expected to be maintained at the RM200,000-RM500,000 range.”He said the pessimistic outlook in the second half of this year is due to issues such as end-financing and loan rejection. “End-financing and loan rejection remained a major problem for nearly 70 per cent of the respondents and affected almost all price range. FD Iskandar said the situation of unsold units was still manageable.

Source: New Strait Times September 15, 2016 03:03 UTC