Challenging times: Maybank IB says the demand-supply rebalancing in the property sector will take some time, but adds that home sales may have hit bottom already and should stabilise in 2019. — Bloomberg
PETALING JAYA: The Malaysian residential market needs to be evaluated with a more realistic approach to curb the rising overhang that’s being caused by the current demand-supply mismatch in the market.
Property consultancy firm Nawawi Tie Leung (NTL), in a report yesterday, noted that the residential property market across Malaysia has been undergoing trying times, adding however that increasing interest from first-time home buyers has “swayed” the residential market towards affordable housing.
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