Minor correction predicted for Malaysia property prices

Tue, 20 Dec 2011 00:00:00 GMT

Property values in Malaysia, particularly in the office, luxury condominium and serviced apartment sectors in Kuala Lumpur, are expected to undergo a marginal correction in 2012.

Bernama, the Malaysian news agency, reported on a statement made by James Wong, immediate past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (PEPS), ahead of the Malaysian Property Summit 2012.

Mr Wong commented: "Prices for landed property, industrial and retail sector, would however remain stable."

He also predicted tightening lending criteria will reduce the number of potential buyers in the country's real estate market.

Mr Wong went on to highlight certain areas of the nation where both sales and prices have climbed recently. Among them are Setiawan, Segamat and Kota Kinabalu, he stated.

Last month, government agency Malaysia Property Inc attended a real estate exhibition in Hong Kong with the intention of promoting the country as an investment hotspot, Bernama reported.

Landmark building to be torn down

Mon, 15 Sep 2008 00:00:00 GMT

KUCHING: The former Gambier Street wet market, one of the city's old colonial-era buildings, will be torn down as it is purportedly unsafe, officials said...

Real Estate & Other News in Malaysia from Propertyshowrooms.com

Minor correction predicted for Malaysia property prices

Landmark building to be torn down