Housing sector in for better times

THE worst is over for the residential property market and prices will remain stable or begin to appreciate this year, a report said. 

The Malaysian Residential Property Outlook 2003, released by JB Jurunilai Bersekutu Sdn Bhd, concluded the current slowdown in the global and local economies would be short-lived and would not have the same impact on the housing market as the 1997–98 recession.