Property market expected to recover in second half of the year

KUALA LUMPUR: The Malaysian Institute of Estate Agents expects the property market to register a recovery in the second half of the year.

He added that the government had been putting too much emphasis on the primary market given data from the National Property Information Centre showing that the secondary or sub-sale segment contributes 80% of property sales. When asked about the direction of property prices in Malaysia, Lim said they were among the lowest in the region.

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