21 Mar '16, 2am

Well they would, wouldn't they? #Malaysia's property market "has hit bottom", says #MahSing #propertynews

Well they would, wouldn't they? #Malaysia's property market "has hit bottom", says #MahSing #propertynews

Comment E-mail to friend Bookmark & Share Mah Sing Group believes that Malaysia’s property sector will recover soon. Home sales in Malaysia are expected to recover in the second half of 2016, said Mah Sing Group, the country’s third largest property developer by sales. “We have reached the bottom of the downturn, and it will recover in the medium term,” as Mah Sing is witnessing signs of renewed confidence from home buyers, despite the negative reports on the weak ringgit, and allegations of corruption, said Group Managing Director Leong Hoy Kum. “The bad news like 1MDB and the ringgit have already been digested; I don’t see anymore bad news coming out. It is back to work for everyone, to focus on economic growth.” The ringgit has also strengthened 3.8 percent, making it Asia’s third best-performing currency. Meanwhile, Mah Sing is set to hit its RM2.3 billion sales target...

Full article: http://www.propertyguru.com.sg/en/property-management-new...

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