Dato Sri Gavin Tee gives his forecast of the Malaysian property market in 2019.
2019 is a very difficult year to do a forecast due to the many changes effected by the new government, some of which have been introduced during the 2019 Budget. The situation has changed so much to the extent that it has effectively reset the property market.
Malaysia now has a new group of leaders in government and even in the private sector. The economic model and direction have changed, and so have the international relations and foreign partnerships.
However, we just need to focus on identifying the problems and opportunities in order to ride out this period of change.
There are 2 major issues besetting the market now: