Kuala Lumpur :
- IN its annual report 2015, Bank Negara highlighted in a boxed article the uneven growth in key sub-segments of the Malaysian property market in recent times.
- The 10-page article underscores the serious issues facing the residential, office and retail markets, which, if left unchecked, could impact the overall economy.
- It dealt with the crux of the issues, their challenges and made suggestions. Some of these resolutions are not entirely new, they have been brought up by different quarters over the years, but have yet to be seriously studied by the relevant parties, much less acted on.
- Against the broad issues facing the local property market today, experiences from other economies and how Malaysia may benefit from these were highlighted. The report delved at length on key locations like Kuala Lumpur, Selangor, Johor and Penang.