Forget about 2015, says this real estate expert about the property sector. Best to put this annus horribilis behind us and look ahead to better times in the second quarter of next year.
Are you currently renting or looking to rent? If you are, there might be some good news for you on the horizon.
Rental charged for condominium units in Malaysia is expected to drop by 20 per cent to 40 per cent due to an oversupply: As more and more of them become ready for occupancy and come onto the market, buyers are finding it difficult to sell their units for a good price and are being forced to rent them out for much cheaper than usual.
Siva Shanker, the immediate past president of the Malaysian Institute of Estate Agents (MIEA), says he is absolutely certain that for the next one to three years, the biggest winner will be the rental market.