Malaysian residential property sector to remain flat

At the meeting: (from left) Jones Lang LaSalle Global Capital Markets Research director David Green-Morgan, Faizan, Elvin and Sittampalam at the press conference during the summit in Kuala Lumpur.

KUALA LUMPUR: The Malaysian residential property sector is expected to remain flat going into 2017, weighed down by uncertainties in the global economies.

However, this might not necessarily mean that things have taken a turn for the worst, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) organising chairman Elvin Fernandez.