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
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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