PETALING JAYA: About 55% of the 157 property developers surveyed by the Real Estate and Housing Developers’ Association Malaysia (Rehda) are not planning to launch any projects in the second half of this year (2H16). A high rate indeed, but nevertheless it compares favourably with the 1H16 rate of 68%. The percentage of developers opting not to launch projects in 2H15, meanwhile, was 58%. And only 7% of the properties launched in 1H16 were sold above RM1 million. Most of the houses launched in Selangor and Kuala Lumpur over the past 12 months were priced between RM500,001 and RM1 million, according to Rehda's survey.

Source: The Edge Markets September 15, 2016 00:56 UTC