Is it the right time to buy a home?
Jo-Ey Chee | 07 Jun 2019 00:30
You may be ready to buy a home but is the current market condition deal for maximising value for money? Any property player would tell you that timing is everything when it comes to purchasing a home. It can be the difference between saving hundreds or thousands of ringgit.

According to Knight Frank’s Global Residential Cities Index, average housing prices in Kuala Lumpur dropped by 0.6% from 3Q17 to 3Q18. The easing of house prices indicates a fall in demand and these may point to a good buyer’s market.

For the first time in three years, Bank Negara lowered the Overnight Policy Rate to 3% from 3.25% effective May 7, 2019. This is another encouraging nod for those planning to purchase a home. Although consumer reactions to the interest rate cut are quite mixed, the lower rates will benefit loan borrowers in the long run.

Download and read more in the latest issue of Focus Malaysia here:
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