{"id":26743,"date":"2016-10-28T11:24:57","date_gmt":"2016-10-28T03:24:57","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=26743"},"modified":"2016-10-28T11:47:24","modified_gmt":"2016-10-28T03:47:24","slug":"despite-soaring-house-prices-developers-hope-for-market-rebound-says-report","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report","title":{"rendered":"Developers Are Hopeful Of Market Rebound Despite Challenging Economy"},"content":{"rendered":"

Malaysians may be struggling to land their first home but there seems to be a demand for property especially among first-time homebuyers, reports The Star<\/a>.<\/p>\n

According to the English-language daily, property developers remain optimistic that the market will recover in the next 12 months.<\/p>\n

Although the market slowed down about 18 months ago, there were still new products coming out that were competitively priced, said Khoo Teck Chong, general manager of Eco World Development Group Bhd.<\/p>\n

IJM Land Bhd senior general manager Toh Chin Leong said even during a downturn, there would be eligible buyers looking either to buy their first home or to upgrade their lifestyle with a new property.<\/p>\n

\u201cHouses priced from RM550,000 are still the most sought after in the present market,\u201d he said.<\/p>\n

In September, Bank Negara Malaysia said the biggest problem for homebuyers is the lack of affordable homes<\/a>. The Finance Ministry also said despite high demand, there was a lack of cheap houses to go around.<\/p>\n

Last week, Prime Minister Datuk Seri Najib Razak during his budget speech rolled out incentives<\/a> that would enable the country\u2019s middle class to purchase their first home below market price.<\/p>\n

[Source]<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Are Malaysians really struggling to finance their first home? Property developers claim a surge of demand among first-time homebuyers. <\/p>\n","protected":false},"author":29,"featured_media":26744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,21],"tags":[],"class_list":["post-26743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","category-properties"],"acf":[],"yoast_head":"\nDevelopers Are Hopeful Of Market Rebound Despite Challenging Economy -<\/title>\n<meta name=\"description\" content=\"Are Malaysians really struggling to finance their first home? Property developers claim a surge of demand among first-time homebuyers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Are Hopeful Of Market Rebound Despite Challenging Economy -\" \/>\n<meta property=\"og:description\" content=\"Are Malaysians really struggling to finance their first home? Property developers claim a surge of demand among first-time homebuyers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-28T03:24:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-10-28T03:47:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emmanuel Surendra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emmanuel Surendra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report\",\"url\":\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report\",\"name\":\"Developers Are Hopeful Of Market Rebound Despite Challenging Economy -\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#primaryimage\"},\"thumbnailUrl\":\"\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg\",\"datePublished\":\"2016-10-28T03:24:57+00:00\",\"dateModified\":\"2016-10-28T03:47:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4\"},\"description\":\"Are Malaysians really struggling to finance their first home? Property developers claim a surge of demand among first-time homebuyers.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#primaryimage\",\"url\":\"\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg\",\"contentUrl\":\"\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg\",\"width\":800,\"height\":394,\"caption\":\"property_malaysia\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Developers Are Hopeful Of Market Rebound Despite Challenging Economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4\",\"name\":\"Emmanuel Surendra\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g\",\"caption\":\"Emmanuel Surendra\"},\"description\":\"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/emmanuel-surendra\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Developers Are Hopeful Of Market Rebound Despite Challenging Economy -","description":"Are Malaysians really struggling to finance their first home? Property developers claim a surge of demand among first-time homebuyers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report","og_locale":"en_US","og_type":"article","og_title":"Developers Are Hopeful Of Market Rebound Despite Challenging Economy -","og_description":"Are Malaysians really struggling to finance their first home? Property developers claim a surge of demand among first-time homebuyers.","og_url":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report","og_site_name":"iMoney Malaysia","article_published_time":"2016-10-28T03:24:57+00:00","article_modified_time":"2016-10-28T03:47:24+00:00","og_image":[{"width":800,"height":394,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg","type":"image\/jpeg"}],"author":"Emmanuel Surendra","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emmanuel Surendra","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report","url":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report","name":"Developers Are Hopeful Of Market Rebound Despite Challenging Economy -","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg","datePublished":"2016-10-28T03:24:57+00:00","dateModified":"2016-10-28T03:47:24+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4"},"description":"Are Malaysians really struggling to finance their first home? Property developers claim a surge of demand among first-time homebuyers.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#primaryimage","url":"\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2016\/10\/property_malaysia.jpg","width":800,"height":394,"caption":"property_malaysia"},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/despite-soaring-house-prices-developers-hope-for-market-rebound-says-report#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"Developers Are Hopeful Of Market Rebound Despite Challenging Economy"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4","name":"Emmanuel Surendra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g","caption":"Emmanuel Surendra"},"description":"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.","url":"https:\/\/www.imoney.my\/articles\/author\/emmanuel-surendra"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/26743"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=26743"}],"version-history":[{"count":4,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/26743\/revisions"}],"predecessor-version":[{"id":26753,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/26743\/revisions\/26753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/26744"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=26743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=26743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=26743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}