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Property transactions are expected to be flattish in 2018, marking yet another challenging year for the Malaysian property market, according to real estate consultancy firm Rahim & Co International Sdn Bhd.
However, it said many are hoping that the results of the forthcoming general election would give a firmer direction for the nation, hence re-igniting the momentum in the property sector.
Although it may be too soon to say that the market has bottomed out, Rahim & Co does not expect the market in 2018 to be much worse off than in 2017.
The property market is expected to be flat and stable, while waiting for the consumers’ wait-and-see attitude to warm up.