Residential Property Value To Drop This Year

KUALA LUMPUR: Transactions within the residential property sub-sector is likely to see flattish growth in 2016 as buyer sentiment continues to remain subdued this year.

CH Williams Talhar & Wong’s (WTW) managing director Foo Gee Jen (pic) said he expected to see a drop in residential property value and transaction volume this year compared with 2015.

“Going into 2016, we see headwinds and home buyers will remain cautious. There is also uncertainty in the job market, which will be a deterrent,” he said during the launch of the firm’s 2016 Property Market report yesterday.

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