WITH the acceleration of the nationwide vaccination programme and reopening of more economic and social sectors, a pick-up in property transactions in the near term looks promising. CLICK TO ENLARGEKnight Frank deputy managing director Keith Ooi says while the housing market is on a recovery path, prices, however, are anticipated to remain flat. “Although there was an improvement in transactional activity in the first quarter of this year, the average house price for Kuala Lumpur, a buyer’s market, was lower by 3.1% year-on-year. “Yet, we expect marginal impact on the developers in the near term as foreign buyers account for less than 5% of their property sales. According to Napic data for the first half of 2021, there were 92,017 transactions worth RM34.51bil recorded during the period.

Source: The Star September 18, 2021 01:18 UTC