Malaysia expecting higher demand for Property in 2020

- 17th February 2020 - extracted from The Malaysian Reserve News Article.

Malaysia expecting higher demand for property in 2020. The revival of notable mega infrastructure projects in 2019, such as the East Coast Rail Link (ECRL) and Bandar Malaysia — which will house the Kuala Lumpur (KL)-Singapore high speed rail — improves market sentiments and restores investors’ confidence. “These revived projects point to more clarity in government policies and are a boon to the country’s economy and construction sector. Meanwhile, the report also showed that the residential market is making a slow comeback following several new launches in 2H19. The Tun Razak Exchange (TRX) saw the completion of Menara Prudential and Exchange 106, while Core Residence@TRX by Core Precious Development Sdn Bhd was launched last year. The new launches are selling between RM1,900 per sq ft and RM2,200 per sq ft on average.“KL high-end residential market is believed to have bottomed out mid last year, and this has set the right mood for the segment to make its way back slowly — evident by the higher number of launches in the 2H19,” said Knight Frank Malaysia MD Sarkunan Subramaniam in a statement. He said there is an higher demand from foreign buyers’ towards Malaysian properties. Knight Frank anticipates more new launches and transaction in the prime areas of KL. It also noted that several key policies announced under Budget 2020 are expected to further stimulate the market. (reported by ASILA JALIL/ pic by BERNAMA) - Global Talent Experts will guide you along the way. Be ready for Malaysia projecting higher demand for property in 2020. Gain the most out of the situation while others stay back from it. We provides training from basic up to advance level in order for you to achive your goal as a property millionaire.