MALAYSIA 5TH ANNUAL PROPERTY CONFERENCE
2016 would remain
a challenging year for Malaysian property market as well as its neighbouring
countries as Southeast Asia’s economies feel the impact of China’s slowdown in
global trade and economy. According to Maybank Investment Bank Research, the
outlook for the Malaysian property sector has turned somewhat sour, with cuts
in sales targets, delays in new launches, and rescission of land deals among
local developers becoming quite the norms. Meanwhile based on the Real Estate
and Housing Developers Association’s (REHDA) latest Property Industry Survey,
in the first half of 2015, property sales fell 9% compared with the same period
in 2014, new launches dropped by 44.1% while new housing approval dipped by
32.9%.
Budget 2016,
which was announced by the Prime Minister Datuk Seri Najib Razak, also did not
implement any ‘goodies’ for the property sector. Matters such as
real property gains tax and developer interest bearing scheme are not being
addressed, however more emphasis was given to affordable housing, which has
been a consistent issue over the past years.
Hence, this year’s Malaysia 5th
Annual Property Conference 2016, will serve as a platform where senior
private and public sector professionals working within the real estate industry
and economic development, will come together to tackle the most pressing
challenges in the market in the midst of economic downturn, explore the
opportunities available in Malaysia commercial, residential and industrial
property markets, and highlighting key areas for growth and assessing future
prospects.
Contact us for more details:
(603) 5621 3630
www. comfori.com
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