‘Cautious recovery’ for Malaysian housing market
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Malaysia’s housing market is expected to recover in 2010, after falling house prices and low sales during 2009.
According to the Real Estate and Housing Developers’ Association (REHDA) of Malaysia, 50% of members expect property prices to rise by up to 20% during the first half of 2010. Price stability is expected by 30% of respondents, while less than 5% anticipate price falls. Transactions in the first half of 2009 were 30% down on the same period in 2008, according to the Valuation and Property Service Department (JPPH).
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