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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