KUALA LUMPUR: A challenging industry landscape, triggered by costlier fuel and building materials, has not dampened sentiment among Malaysian real estate players who believe property demand in the country will continue to be sustainable as long as banks are prepared to dish out loans to buyers and investors. This comes amid anticipation of more property transactions as new players continue to jump onto the real estate bandwagon, and introduce more products into the market at prices deemed competitive among regional peers. However, property purchasers and investors, analysts cautioned, should be well informed of the dynamics of the sector where different market segments across various locations nationwide had their own stories to tell. “Malaysia’s property sector is good and sustainable,” Real Estate and Housing Developers’ Association (Rehda) president Ng Seing Liong told The Edge Financial Daily recently. Rehda represents some 1,000 developers in Peninsular Malaysia. Read more>
(The Edge 25-2-2008)
