The Malaysian housing market has become something of a ghost town in recent months. The housing price index fell to 4.10% in the first quarter (Q1) of 2015, from 7% in the fourth quarter (Q4) in 2014, and from 12.2% in the third quarter (Q3) in 2013.
Market sentiment has been further bogged down by concerns over potential oversupply amid weakening economic conditions resulting from low oil prices and political tensions.
Though there is evidence that demand for property has remained stable despite market volatility, the million-dollar-question that everyone’s been asking is whether the market slowdown could ultimately cause the property bubble to burst.
What about what happens before that? Are there still opportunities in the current property market? We speak to renowned property gurus Faizul Ridzuan and Ahyat Ishak to get their perspective on the Malaysian housing market, as well as their thoughts on buying property amid economic uncertainties. Read the rest of this entry »