Residential property value to drop this year

CH Williams Talhar & Wong’s (WTW) managing director Foo Gee Jen addressing the media on the outlook for the property sector in 2016, following the launch of the firms 2016 Property Market report on Jan 12.

KUALA LUMPUR: Transactions within the residential property sub-sector is likely to see flattish growth in 2016 as buyer sentiment continues to remain subdued this year.

CH Williams Talhar & Wong’s (WTW) managing director Foo Gee Jen (pic) said he expected to see a drop in residential property value and transaction volume this year compared with 2015.