22 Mar '16, 4am

Sabah's property market has been facing some tough times. Will there be any improvement soon?https://t.co/2LKaWYAlqD

Sabah's property market has been facing some tough times. Will there be any improvement soon?https://t.co/2LKaWYAlqD

Sabah’s property market has been facing some tough times, but the Malaysian state could still prove to be a worthy location for property investors. It’s home to lush jungles and thriving wildlife but it seems the property market on Malaysia’s easternmost state, Sabah, isn’t doing as well as its nature. Since the introduction of more stringent lending conditions and the increase in the Goods and Services Tax (GST) in April, the market has been at a standstill since the beginning of 2015. Almost no new developments have been announced – especially in the landed property segment, and most transactions are from the sale of second hand properties and balance units of projects that are currently under construction. Industry observers believe that the situation is likely to improve if lending rules are relaxed. Concerned about spiralling household debt, Bank Negara Mala...

Full article: http://www.iproperty.com.sg/news/10791/Looking-to-the-East

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