Softer outlook for property

To a question on whether house prices were in a bubble, she defined a bubble as an exorbitant unsustainable price increase.

PUTRAJAYA: The National Property Information Centre (Napic) sees another challenging year for the sector next year, with the outlook continuing “to soften” moving forward.

Completed-but-unsold residential units ballooned to RM12.26bil for the first half of this year from about RM8.56bil a year ago (2015: RM4.92bil).