SARAWAK PROPERTY NEWS
SARAWAK
PROPERTY NEWS
Keep track of the latest property and real estate news
plus reviews in the property market in Sarawak
Sarawak Property Market Moderates In 1H2014, Says WTWY
S
arawak saw its property
market slow down in 1H
2014 as local developers
witness knee-jerk reaction
in sales while many reduced sales
targets and delayed launches,
according to CH William Talhar
Wong and Yeo Sdn Bhd (WTWY).
In its ‘Property Market Review for
the first half of 2014’, WTWY said
the good run between 2009 and
2013 appears to be consolidating in
early 2014, possibly revealing “the
tip of the iceberg” of the effects of
the tightening measures introduced
in Budget 2014.
The measures include the abolition
of Developers Interest Bearing
Schemes, the increase in real
property gains tax as well as the
strict lending rules implemented by
financial institutions and banks.
“The last few years have seen
property prices increase anywhere
between 30 and 100 percent.
80
www.PropertyHunter.com.my
Purchasing power was further
weakened with the recent increase
in Base Lending Rate (BLR)