Slowdown looming for Johor property?

Nor Zahidi: 'Property is the safest investment with lucrative returns in Malaysia.'

IT never rains but it pours. That seems to be the scenario in the property sector this year. Into the fourth month of the year, property consultants continue to see 2014 as “challenging” as the effects and impact of the various measures to curb property speculation take hold.

The soaring household debt of 86.8% of gross domestic product at the end of 2013, from 80.5% a year ago, according to Bank Negara, continues to cast a shadow over the sector.