Strong push factor for property market

KUALA LUMPUR: The property market appears to have several strong push factors going for it in the bigger picture, although developers are by and large still cautious despite any broader positivity.

A third of these unsold completed residential units were more than three years old, while about half of them were less than a year old. “The higher than estimate economic growth thus far gives the country a feel-good factor which spills over to the property market as well. “This has a very feel-good factor for the property market – as data centres are not just a one-time capital expenditure but provides opportunities during the operations and maintenance period.Apart from that, there is the stable government and the coming Urban Redevelopment Act that will be focused on the Kuala Lumpur area which will further spur economic activities.

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