KUALA LUMPUR — Feb. 19, 2019: Malaysia’s property market this year is expected to be flat across the board except for warehousing, which had given steady returns of about six to seven per cent in the last two years.
According to property consultant Rahim & Co International Sdn. Bhd., e-commerce has triggered the demand for warehouses which have become viable investment options.
The technology of Industrial Revolution 4.0 and its integrated developments have pushed for fully-equipped industrial parks as the preferred choice for warehousing.
The logistics sector is also expected to further grow in tandem with e-commerce, the company’s executive chairman Tan Sri Abdul Rahim Abdul Rahman said at its property market review 2018/2019 here today.
Although nothing extraordinary is expected in 2019 in the property market, Rahim is optimistic the sector will reverse its downtrend within the next 12 to 24 months as the current government settles itself and enacts its policies.
If the government policies are logical for the property market and everyone follows them, there is no reason these policies should not work, remarked Rahim, who further expects 2019 to continue to be a buyer’s market, since not only are there an abundance of readily available properties but also a wider range of financial aid and schemes geared towards house ownership.
“Although it seems to be getting further out of reach, the dream to own a home is still attainable but smarter strategy and planning is required in this day and age.
“A longer consolidation period is expected, and we all hope the new changes made will bring positive results that is sufficient to ignite the property market’s momentum,” he said.
Rahim said revealed that property transactions in the first half of 2018 declined by 2.4 per compared with the previous corresponding period.
The total value of transactions however dropped at a slightly steeper pace of -1.4 per cent to record RM100.85 billion worth compared with 3Q17. — Bernama