Year of consolidation for property sector
Published 3 Jan 2015
The property sector is expected to slow down further this year following cooling measures and tougher lending conditions implemented in 2014.
“Properties that are surplus to immediate needs will not be a priority; the decision to purchase will be postponed,” says Nehru.
Having said that, however, he says the Klang Valley has a “large reservoir” of double income middle class households aged below 40 who do not own a “home” of their choice for their own occupation.
“They have access to down payments, from parents and savings. They will still buy as the perception in the Klang Valley is that, prices here will always go up as this is where all the productive people live and work,” says Nehru. Read more here.
Read more here.