KUALA LUMPUR (Nikkei Markets) -- Steady economic growth, a fresh housing policy and incentives to boost affordable dwellings will keep Malaysia's property market resilient in the final six months of this year despite a heavy supply overhang, the government said Monday.
Measures, including extension of a state-led housing ownership campaign, are expected to sustain the sales momentum through December-end after home sales rose in both transaction volume and value in the first half of the year, the state-run National Property Information Center said in a statement. Further, a policy to rein in speculation would also help to ease the unsold supplies, the government agency said.
