Market to consolidate in 2014.7

THE EDGE WEEKLY ISSUE#995

THE WEEK OF DECEMBER 30, 2013 – JANUARY 5, 2014

City & Country Section

LOCAL CONSULTANTS’ POLL: By THE CITY & COUNTRY TEAM

BRIAN KOH
DIRECTOR
DTZ MALAYSIA

Outlook

It is likely to be a challenging year for the property market, foreshadowed by the end of quantitative easing in the US, potentially rising interest rate, tighter credit, and pending completion of properties across the various sectors.  A significant number of these properties may have been purchased on a speculative basis. 

Neighbourhoods with proposed MRT station and residential projects targeting owner-occupiers that are priced competitively should be able to hold their value in the long term.

Wish list

• An acceleration of the supply of more affordable houses by both private developers, especially government-linked companies that have large land banks inherited from their plantation days, Perumahan Rakyat 1Malaysia (PR1MA).