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Tuesday, August 19, 2008

Property mart seen recovering in 6-9 months

The sluggish property market is likely to recover in 6-9 months when the Malaysian economy becomes clearer for the people to make their decision.

“In 2009, the cloud will be clearer. When there is certainty in fuel price and there is regular cement and steel supply at market-driven prices, I think people can plan their lives,” said K C Yam, chairman of the Real Estate and Housing Developers’ Association (Rehda).

“Certainty is not only important to the man on the street but also to builders,” he added.

By Bernama

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