Affordability and strict bank lending will continue to weigh on the property sector, with the outlook to remain bleak in the first half of the year.
UOBKayHian Research said in a report that demand remained an issue despite property prices in key areas – Penang, Johor and the Klang Valley – remaining relatively stable with house-price indices holding up.
“Demand continues to be sluggish post implementation of the goods and services tax (GST). We expect this trend to persist as affordability and stringent lending policies continue to dampen the sector outlook,” it said.
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UOBKayHian Research said in a report that demand remained an issue despite property prices in key areas – Penang, Johor and the Klang Valley – remaining relatively stable with house-price indices holding up.
“Demand continues to be sluggish post implementation of the goods and services tax (GST). We expect this trend to persist as affordability and stringent lending policies continue to dampen the sector outlook,” it said.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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