Malaysians feel property prices too high

A majority of Malaysian property hunters feel that there is a surplus in Malaysia and that most selling prices are unrealistically high, according to a survey by iProperty.com Malaysia.

The majority of the respondents also planned to buy properties in the near future but were waiting for prices to fall further before doing so.

iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No. 1 property website, is part of the iProperty.com Group (www.iproperty.com).

The results of three separate polls,undertaken between February 11 and April 14 this year in three countries -– Malaysia, Singapore and Hong Kong – revealed similar sentiments.

By Bernama