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Malaysia: Property market uncertain ahead of polls

Posted on 19 February 2013

The optimism level of Malaysian property market in 2013 is expected to stay low due to general election uncertainty, a property industry survey said. According to the Real Estate and Housing Developers Association (REHDA) Institute, the optimism level is expected to increase to 32 per cent in the first half of this year, from 28 per cent in the second half of 2012.
However, the trend continues a drop from 48 per cent in the second half of 2011 to 29 per cent in the first half of 2012. “There is some election overhang … This is probably for industrial and commercial (properties),” REHDA president Datuk Seri Michael K.C. Yam said …………………………………….Full Article: Source

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