Zerin Property: 2009 Property Outlook

From: http://thinkproperty.com.my/realestate/

Zerin Properties, Previndran Singhe, gave his views on the outlook for Malaysian property for 2008. The key bullet points that we took away from the conference were:

1) Less property transactions expected in 2009 than in 2008
2) Landed properties in high-end areas will perform well
3) Only selected condo developments in the KLCC will do well
4) Foreign interest will remain strong due to Malaysia's relatively lower prices
5) Office market demand will remain firm
6) Overall, the Malaysian property market will be resilient because prices did not rise in the last few years nearly as fast as in many other countries


Previndran Singhe also highlighted the key risks for Malaysian property being: 1) Falling oil prices 2) Spiraling credit card NPLs

UBS: Malaysia Market Outlook 2009