fbpx

'Growth in prime property values to slow'

March 16th, 2011 Leave a comment

Property values in the Klang Valley, Penang and Johor are expected to grow at a slower pace this year due to high supply and speculation activities, a real estate services company says.

CH Williams Tahir & Wong's managing director, Foo Gee Jen, said this year's growth in the prime areas was seen at between 10 and 15 per cent compared with between 20 and 25 per cent previously.

He, however, considered this healthy taking into consideration last year's gross domestic product (GDP) growth of 7.2 per cent.

"Property prices cannot exceed three times of GDP," he told reporters after a presentation on the local property market outlook for 2011 here today. – Bernama


SOURCE: Business Times

Categories: Property News Tags:
RELATED PROPERTIES FOR SALE/RENT AT
  1. No comments yet.
  1. No trackbacks yet.
(You can also Login/Register to submit your comment using unique ID)


Comment Guidelines
  • Avoid political discussion.
  • Comments with inappropriate wordings or personal attack may be moderated or deleted.
  • Developer must register before comment. All anonymous comments claimed to be from developer without registration will be deleted.
  • All advertisement in the comment will be deleted. Please contact us for advertising details.



To advertise your property in this page under "Related Properties for Sale/Rent":
 1. Submit your property at PenangPropertySale.com, it's FREE!
 (Please do not advertise your property in the comment)