The property market will continue last year's downtrend following the uncertain economic scenario including the slowdown in the Chinese economy, said the Valuation and Property Services Department, Ministry of Finance.
Director-General Datuk Faizan Abdul Rahman said although the property sector may see some moderation in market activity, the slowdown would still be manageable especially for the residential sub-sector driven by the supplies of affordable housing projects.
"We expect to see a price correction and slow growth in the house price index due to the supply of affordable housing by both the public and private sectors.
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Director-General Datuk Faizan Abdul Rahman said although the property sector may see some moderation in market activity, the slowdown would still be manageable especially for the residential sub-sector driven by the supplies of affordable housing projects.
"We expect to see a price correction and slow growth in the house price index due to the supply of affordable housing by both the public and private sectors.
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