Valuers board expects no further dip in property market this year

PETALING JAYA: The government’s regulatory body for valuers, appraisers, estate agents and property managers expects no further deterioration in the property market this year despite predictions that the market could worsen towards the second half of 2019.

“Generally, the economy in the whole region is facing problems. There is a definite slowdown, economically,” he said when met by reporters after the launch of the 6th edition of the Malaysian Valuation Standards here today. “This is good,” he said. “We are looking at 2019 to see growth and improvement in both the economy and the property market.”

On a separate matter, he said as of Dec 31, BOVAEP had registered 3,500 new property managers who were previously not regulated by the board.

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