28 Jan '16, 4am

#singapore #property Malaysian property promising despite headwinds: The weaker ringgit...

#singapore #property Malaysian property promising despite headwinds: The weaker ringgit...

Even with the challenging headwinds ahead, independent economist Lee Heng Guie believes that the medium-term prospects for Malaysian property are still promising, reported The Star . And while property prices may ease further, he does not expect a significant drop. “This is because Malaysia is not heading for an economic recession,” said Lee during a presentation at the 9th Malaysian Property Summit recently. “The softening property market renders the buyers the opportunity to purchase property. For foreigners looking to invest in real estate in Malaysia, the weaker ringgit comes as a boon.” However, he noted that the market is still hampered by weak economic growth, cautious sentiment and affordability issues. “The prospects of higher domestic interest rates in 2017 may be a dampening factor,” he said. “Likewise, the banks are expected to maintain vigilance in the evaluat...

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

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