He advises prospective buyers to wait until property prices come down.
PETALING JAYA: A property consultant has advised prospective house buyers to wait until property prices come down, saying making a purchase at current prices and in the face of a bleak economic outlook would be like committing suicide.
Ernest Cheong, who has been a chartered property surveyor and consultant for more than 40 years, said the property market does not exist in isolation and people needed to pay attention to the local and global economic situation.
58% likely to buy a house in first half of 2017
House buyers are now looking for properties that are further away from the city, but with good transport links.
KUALA LUMPUR: Some 58% of Malaysian buyers are more likely to buy a house within the first six months of the year, despite the property sector being sluggish, says a survey by PropertyGuru.com.my.
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