Demand for property remains stable despite challenges

  • Property
  • Tuesday, 14 Jul 2015

KUALA LUMPUR: Despite the economic and political challenges in the country, demand in Malaysia's property market has remained stable, said Andaman Property Management Sdn Bhd managing director Datuk Seri Vincent Tiew. 

He said investors, mainly repeat and first-time home buyers, still continue to purchase and place bookings on new projects although there is a 50-50 chance for loan approval.

"The perception and general sentiment says that the market is doing badly, but the truth is, the sales continue and the buying momentum is consistent, not only from the rich but also in the mass segment.