Comfori

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.

Nevertheless , investor sentiment has remained positive and values generally stable across segments, with local developers striving to maintain the high quality of their developments as they continue to cater to the demand from the country’s budding workforce, whose increasing salaries have allowed them to purchase their own high-end homes.

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.

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