Bank Negara: Risks contained for non-residential property sector despite challenges
Risks in the non-residential property (NRP) sector remained contained in the second half of 2024 (2H 2024) despite continued challenges
From the Feng Shui perspective, below is the essential information for the property industry in 2019.
Year Stem: Yin Earth(己)
Year Root: Yin Water (亥)
Sound Consonant: WoodYear Gua: 8 (Earth)
Hexagram: IOOIII (Gua 25 th “Wu-wang”无妄)
5 Cycle 6 Forces: Earth
Animal Zodiac: Boar
Based on the information above, wood and earth are the two main elements for next year.
Property development falls under the wood related element, property management such as property agencies falls under the earth related business.
It is a good sign that the property market will still perform well next year; hence property developers will be doing better than the sub-sale market players.
From the explanation of hexagram, the medium-cost property will be moving faster than low and high-end ones.
Despite the new RPGT rate, there are still many property investors looking for a property with appreciated value.
There are pockets of areas property investors can look into, but these areas will not bring immediate returns but have their potentials.
Many young couples have started to look outside of Kuala Lumpur to start their families, for affordable landed properties with an adequate amount of space.
North of Klang Valley; Rawang, Sungai Buloh, Puncak Alam and Bukit Beruntung will be coming up in the second half of next year and is expected to perform well in 2020.
Kajang and Semenyih are expected to flourish since there are high potential elements for homeowners and investors.In a nutshell, next year is indeed a new chapter for the property industry, and it would be an exciting one!
