- The property market in 1998 was weak and
inactive.
- Tight financial policies in the form of
control on lending and high interest rates made a negative
impact on business activities and property
development.
- Despite the relaxation of policies in the
last quarter of the year, the short term will not see an
increase in both property, supply and demand.
- Sentiments towards the property sector
continued to remain negative is the general market feeling was
that prices had not bottomed out, hence a prevailing attitude of
wait and see until confidence returned with the expected
recovery of the economy.
- Almost all sectors experienced a downtrend
in prices due to oversupply coupled with reduced purchasing
power.
- Transactions decreased by 30.4 % compared
with 0.1% increase in 1997. Total transacted value also declined
by 36.9% compared with 19.2% increase in 1991.
- The residential sector remained the most
active compared with the other property sectors.
- Single storey terraced houses priced below
RM100,000 were much sought after.
- Residential units at the upper price end
were, however, not so well received.
Not
many new projects were launched.
Pahang |
