KUALA LUMPUR, April 8 — The Malaysian Real Estate Association has reportedly said that property prices are expected to increase by 25 per cent — especially for homes valued RM500,000 and above — as the economy continues its recovery.that developers and owners are still forced to sell at a lower price now, and therefore it would be the time for Malaysians to buy homes.
"However, the situation is only temporary, as the Malaysian economy recovers, the housing market is expected to stabilise again with a price increase of around 25 per cent. So some people are aware of this, they are scrambling to buy a house now that the price has fallen before the value has risen," he was quoted by the Malay daily.
"Perhaps the bank will facilitate financing a loan while developers can take steps not to increase house prices and building materials manufacturers sell their materials at not too high of prices," he reportedly said.
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