The ideal time to buy and rent
Sonya Ramachandran | 01 Sep 2017 00:30
The softening of the residential property market has resulted in a large supply of homes

With the slowdown in the property market, many property experts suggest this may be the best time to buy or rent properties due to the lower prices and rentals offered.

While that may generally be the case, there are certain areas which are bucking the trend and holding up well. For example, Mutiara Damansara in Petaling Jaya and Taman Tun Dr Ismail in Kuala Lumpur have seen home values increasing, and there seems to be no noticeable drop in rentals. So is it really a buyer’s market now?

Henry Butcher Real Estate Sdn Bhd chief operating officer Tang Chee Meng says it is both a buyer’s and renter’s market at the moment in all states due to the large supply of homes because of the softening of the residential property market.

“The primary as well as secondary residential markets have softened as can be seen from the statistics compiled by the National Property Information Centre,” says Tang.

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