26 Dec '15, 9pm

2016 will be “the worst year for Malaysian property”, says expert https://t.co/ON2rvAaThX

Comment E-mail to friend Bookmark & Share Investment guru Datuk Gavin Tee expects 2016 to be “the worst year for Malaysian property” on the back of weaker economic growth, loss of pricing power and subdued financing, reported The Malaysian Reserve . “2015 was bad, and 2016 will be worse,” said Tee, founder and President of SwhengTee International Real Estate Investors Club, at a recent briefing in Kuala Lumpur. “I’ve travelled all over the region, speaking to ministers, developers, investors and the media. The feedback (on Malaysia) is something you don’t want to hear.” Notably, property prices within the secondary market fell 15 percent this year due to weaker demand and the absence of speculators. As such, Tee expects prices to drop even further compared to the past few years as buyers do not foresee significant positive changes in the first half of 2016. And while prope...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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