{"id":21331,"date":"2016-01-15T15:04:45","date_gmt":"2016-01-15T07:04:45","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=21331"},"modified":"2018-08-24T00:45:44","modified_gmt":"2018-08-23T16:45:44","slug":"is-this-the-end-of-the-malaysian-property-bubble","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/is-this-the-end-of-the-malaysian-property-bubble","title":{"rendered":"Is this The End Of The Malaysian Property Bubble?"},"content":{"rendered":"
This could be it \u2013 if you are one of those who\u2019s been waiting for the Malaysian property bubble to burst, 2016 could be the year that it FINALLY happens as transactions for residential property falter and buyer sentiment continues to remain subdued amid a gloomy economic outlook.<\/p>\n
CH Williams Talhar & Wong\u2019s (WTW) managing director Foo Gee Jen told The Star<\/em> that he expects a drop in residential property value and transaction volume this year compared to 2015.<\/p>\n \u201cGoing into 2016, we see headwinds and home buyers will remain cautious. There is also uncertainty in the job market, which will be a deterrent,\u201d Foo said at the launch of the firm\u2019s 2016 Property Market report this week.<\/p>\n He added that he foresees a more aggressive secondary property market versus the primary market in 2016, although it will not be as active as it was compared to two to three years ago.<\/p>\n According to Foo, supply for high-rise residential properties within the Klang Valley currently outstrips demand.<\/p>\n There is a high supply of \u201cshoebox units\u201d (apartment units under 500 square feet) in the Klang Valley and these might take a long time to fill, perhaps a year or longer, he said.<\/p>\n Want to make your money work harder for you amid the dreary economy? Here\u2019s a tip: you can save money while you spend just by using the right credit card<\/a>!<\/p>\n