In tandem with the improvements in the country's economic conditions, the Real Estate and Housing Developers' Association (Rehda) is optimistic of Malaysia's property sector outlook in the first half of 2018 (H1 2018).
Datuk Seri FD Iskandar, Rehda’s president says this optimism was also based on forecasts of a stronger gross domestic product growth by Bank Negara Malaysia and economists.
"Besides, more people are seen having more stable jobs and they are more confident of retaining them as compared to a couple of years ago," he said.
He has also mentioned that, in order to boost sales, developers had taken various measures including assisting buyers with the first 10 per cent down payment.
In addition, he has said several cost-cutting measures had been proposed such as waiving or reducing the foreign workers levy.