Hard statistics and anecdotal evidence suggest demand in the property market has continued to weaken, according to Maybank Investment Bank Research.
The firm also said reported loan default cases and the rise in the number of properties up for auction pointed to a challenging market environment.
“From our discussions with the bankers and industry players, there has been an increase in the number of properties put up for auction, while banks had reported of several isolated cases of small, unlisted property developers defaulting over the past year.”
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The firm also said reported loan default cases and the rise in the number of properties up for auction pointed to a challenging market environment.
“From our discussions with the bankers and industry players, there has been an increase in the number of properties put up for auction, while banks had reported of several isolated cases of small, unlisted property developers defaulting over the past year.”
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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