Sunday 12 January 2014

Market to consolidate in 2014.9

THE EDGE WEEKLY ISSUE#995
THE WEEK OF DECEMBER 30, 2013JANUARY 5, 2014
City & Country Section
LOCAL CONSULTANTS’ POLL: By THE CITY & COUNTRY TEAM

MICHAEL GEH
DIRECTOR
RAINE & HORNE (PENANG)
Outlook

We see a continued contraction in the market due to declining transaction volumes and a tightening of credit.  If you need to buy your first house or sell your house to upgrade or downgrade, do so.  The secondary property market, which has a 70% share of total transactions in Malaysia, will be prominent in 2014.



Wish list
  • More clearly defined key terms in real estate investment.  For example, we must distinguish between first-time homebuyers, speculators and flippers.  They should all not be lumped together under the term property investor!








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