Kuala Lumpur, Average Prices of Terraced Houses of This Publication Including Our Team at Head Office for Their Efforts Are Even Categorised As “Severely Unaffordable”
Foreword …the market shall make its own correction because it boils down to the supply and demand factor that should play the key role in pricing mechanism. Year 2016 marks the starting point of the 11th Malaysia Plan The Malaysian economy has been impacted by the weakening (11MP) spanning over 5 years until 2020. The 11MP is the final Ringgit, drop in global crude oil prices and commodities prices Malaysia Plan towards achieving Vision 2020 and is a critical step in (the 2 largest GDP contributors of the country) since the end of the path to become an advanced nation, by which the government 2014. The employment market is also facing some challenges. The is aiming to transform the county into a high-income nation. In political arena also saw some shake-ups with changes to the cabinet line with that, the 2016 Budget’s theme “Prospering The Rakyat” line up. Furthermore, the implementation of GST in April 2015 has reflects the government’s determination and perseverance to break also subdued the general market sentiment. The market did not see through the middle-income trap. any major rush purchases in the 1st quarter of 2015 as anticipated by many analysts, as many property buyers chose to wait and see. There was no further cooling measures nor market boosters such All these have resulted in a decrease in transaction volume of 3.5% as reduction in RPGT and reintroduction of DIBS being tabled in the to 186,618 transactions in the 1st half of 2015 from 193,405 in ‘2016 Budget’.
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