Investors should cease this window of opportunity to secure a good deal.
According to the Real Estate and Housing Developers’ Association Malaysia now is the the best time to buy property in Malaysia. President, Datuk Seri Fateh Iskandar Mohamed Mansor, commented, “A lot of people have asked me ‘So when is it [property values] going to fall? When can I get a good deal?’ I’m telling you now is when you are getting a good deal”.
Speaking at a forum that discussed 2017’s property market, his sentiment provides confidence to investors keen to take advantage of the lower values on offer. “There’s no such thing as (prices) coming down”, he went on to add.
Developers in Malaysia are making their products even more attractive to investors by adding extra features rather than reducing the prices. Including some fitted furniture and air conditioning, this is helping to gain traction in the market and maintaining cash flow. This is despite developers having better financial reserves than the did in the Asian Financial Crisis of 1998 and 1999, which provides further reassurance of the state of the market as developers are better equipped to deal with any dips.
As the forecast for the first half of 2017 is expected to remain flat, those who can afford to purchase property are advised to in order to start paying off their investment. Developers are responding accordingly and are reducing their launch numbers to help stabilise the market.
Like any investment it pays to do your homework but now is as good as time for astute investors wanting to enjoy the lower price tags on offer.
