Housing developers upbeat about market in 2018

From left UEM Sunrise chief executive officer and managing director Anwar Syahrin Abdul Ajib, Johor Public Works, Rural and Regional Development committee chairman Datuk Hasni Mohammad, Iskandar Investment Bhd (IIB) president/chief executive officer Datuk Khairil Anwar Ahmad, Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin, Sunway Group chairman and founder Tan Sri Dr Jeffrey Cheah, Mulpha International Bhd executive director Eric Lee and Iskandar Puteri City Council (MBIP) mayor Adib Azhari Daud posing for a group photo after the programme here at Iskandar Puteri on Nov 27, 2017. - ABDUL RAHMAN EMBONG/The Star

ISKANDAR PUTERI: Housing developers remain optimistic about the market in 2018 despite the challenges being faced this year.

UEM Sunrise Bhd managing director cum chief executive officer Anwar Syahrin Abdul Ajib said, however, spending would be tempered with caution, while admitting that the challenges were due to an imbalance in housing demand and supply.