No sign of housing market crash, say economists

Sheridan Mahavera

Luxury houses in Hulu Kelang, Selangor. House prices are unlikely to sharply decline next year, say experts. – The Malaysian Insight pic Nazir Sufari, November 22.

HOUSE prices are not expected to fall sharply next year, said economists who disputed speculation that the property market will crash due to a glut.

Experts interviewed by The Malaysian Insight said they did not see signals of an impending crash or a sharp plunge in prices next year, despite recent Bank Negara (BNM) data that 83% of unsold houses were in the above RM250,000 range.

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