BEIJING, Dec. 25 (Xinhuanet) -- Malaysia's real estate market will continue to grow, said an insider of Malaysian real estate industry lately.
Malaysia Building Society Bhd president and CEO Ahmad Zaini Osman analyzed the real estate market from various aspects and reached the conclusion.
Despite the weak currency ringgit and public concerns about consumption tax, Malaysian construction industry is expected to remain attractive next year, Ahmad Zaini Osman said.
He said the the consumption tax to be implemented in April 2015 would not have much influence on demand in real estate market. The depreciation of the ringgit would have limited impact on prices of the building materials, for most building materials are made in Malaysia.
The Malaysian government has adopted restrictive measures to curb
slight excess supply in some areas. On the whole, the demand and supply are in balance in Malaysian real estate market, he added.
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