MIEA attributes property market slowdown to financing issue | Malay Mail

The property market is expected to pick up slightly in the second half of this year after a slowdown amid cautious market sentiment. — Reuters pic

“We understand the government’s concerns over the overall household debt which stood at around 83.2 per cent to the gross domestic product as at September 2018. It is at a manageable level. Under the campaign, various incentives and stamp duty exemptions are given to the targeted group of bottom 40 per cent and middle 40 per cent income group, particularly for the primary property and new project sales.

“It is a challenging market with the ongoing domestic adjustments and rising external headwinds, but once uncertainties settle down, confidence will be restored. Malaysians have money and would want to invest in the property market,” he explained.

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