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Wednesday, September 10, 2008

Next Malaysian property boom seen in 2-5 years

MALAYSIANS expect the country to experience its next property boom in two to five years, according to a survey conducted by property website,

In a statement yesterday, said the survey, which received responses from almost 950 participants, showed a surprise strengthening of the people's perception of the Malaysian property market compared to last month, although overall confidence was still low.

“According to a survey, 43 per cent of the participants believe that the next property boom will be in 2-5 years, 20 per cent said within two years, 25 per cent thought it will happen in 5-10 years and 12 per cent more than 10 years,” it said. chief executive officer Asim Qureshi said the data from the survey were positive for Malaysia's property market.

“People perceive that the medium term for property in Malaysia is strong,” he said.

By Bernama

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