Property market to take a breather


PETALING JAYA: The property market might need at least two years to digest and recover from the various cooling measures that came into effect this month, but expect it to surge again in 2016, say industry officials.

According to Malaysian Institute of Estate Agents president Siva Shanker, 2014 will be a tough year for sales, but the market may find its footing next year and catch the next upcycle in 2016.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Property , Siva Shanker

Next In Business News

Johari: Govt exploring ways to expand biodiesel use
PTT Synergy buys Gombak land for RM60mil to build automated warehouse
TH Plantations CEO put on garden leave, CFO resigns amid RM5.1mil probe
Silver Ridge wins RM16.9mil underground cable job
Cloudaron plans RM38mil sale of subsidiaries to Sweden’s Abelco
Globetronics buys 30.85% stake in Mpire Global for RM45mil
NexG sets up MyNasional Holdings as AI, data intelligence arm
Ringgit rebounds to close higher on better-than-expected 2Q GDP forecast
KTI Landmark bags RM130.6mil contract to build ABM Sabah campus
Foreign investors remain significant net buyers in 1H25, contribute net inflow of RM21.4bil

Others Also Read