The domestic property market is likely to remain slow in terms of transaction volume going forward. This will be mainly due to the weak economy and stringent bank lending policies, says Jeffri Rahim, vice-president of project marketing and estate agency at Savills (M) Sdn Bhd, when presenting The Edge/ Savills Klang Valley Residential Monitor 2Q2016.
“Market response on the primary and secondary markets has been mixed. Properties on the secondary market are still seeing slow growth in terms of transaction volume as the majority of homebuyers are too cautious in making a commitment. This has led to difficulties in closing deals,” he points out.
Transaction volume expected to remain low
Overnight queues on eve of EcoWorld’s Firsts project launches
Eco World Development Group Bhd’s (EcoWorld) recent launches under its Firsts campaign have received overwhelming response.
At one of the launches, potential buyers had queued up overnight.
Waltz Residences @ Paradigm Garden City
Waltz Residences @ Paradigm Garden City, a freehold iconic lifestyle where 419 units of effortlessly refined luxury are crafted for the flourishing urban community. With 38 floors on the North Tower and 33 floors on the South Tower, Waltz Residences merges urban chic architecture and convenience with the Paradigm Mall just a few steps away from home and the rest of Klang Valley just within half an hour’s reach.