RAM retains negative outlook on Klang Valley property sectors

PETALING JAYA: RAM Ratings has maintained its “negative” outlook on the Malaysian residential and commercial property sectors within the Klang Valley, as consumer sentiment is expected to be reined in by weaker economic prospects.

In a report, RAM said consumer and business sentiment is expected to remain muted amid a slowing economy, while lending conditions are likely to stay tight, thus presenting another challenging year for the property sector.