Joel Low
Alexel agrees that while the market might be sluggish , he maintains his view that residential properties in good locations in Sabah are expected to hold , along with demand for affordable homes as the market is dense with first-time home buyers and young families .
Looking further down the pipeline , the property market will be boosted with the development of the Pan Borneo Highway adding further selling points for properties in Sabah . Additionally , developers may want to tap into the tourism sector as it looks set to play a big part in the state ’ s growth . All this will then be supplemented by initiatives like the RM1 billion Bus Rapid Transit network , creating legitimate reasons to remain optimistic .
All in all , the closing half of 2017 will likely continue to be as tentative a half as the one that came before it , but it can also spark a new beginning for the property industry . It is safe to say that it is a year for the cautiously optimistic types . A myriad of factors may dictate how the second half of the year shapes up but for those who weight their options carefully and thoroughly , they might find a silver lining on the horizon .
Sources : |
1 . |
Knight Frank Research Malaysia |
2 . |
Sabah Housing and Real Estate Developers Association ( SHAREDA ) |
3 . |
House Prices finally coming down ? The Edge Property MY ( 26 June 2017 ) |
4 . |
Property Market Report 2016 Valuation and Property Services Department ( NAPIC ) |
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