Global economic meltdown, prices in Singapore and Malaysia this year predicted sluggish. However, Indonesia will certainly be a player ‘stars’ properties in Southeast Asia.
“Indonesia is still likely to be the star player (property) in Southeast Asia with a growth rate consistent pricing across all segments of the housing market, rising 3.6% (yoy) and 0.8% (QoQ),” said Holt.
According to him, a positive reputation around Indonesia carried trillion dollars from the economy (in terms of purchasing power parity / purchasing power terms), stable economic growth, inflation well controlled, and the middle class in need of housing.
In his study, Knight Frank said the performance of the property market in Asia amid sluggish due to the debt crisis in Europe. China’s property market performance is estimated to be weakened if economic conditions continue to show a significant slowdown this year. The Chinese government will likely ease some regulatory policy tightening before going to boost property sales activity.
While in Malaysia, the growth rate is projected residential property prices stable in the coming months, but with the possibility of a slowdown until the end of 2012.
In Singapore, there is an additional supply of new housing is huge this year. But because there are many unsold property supply, the market price of residential property in Singapore is expected to continue to decline until the end of the year.