The 18th National Housing & Property Summit
20 August 2015Selangor
The Housing & Property Industry has been for a long time a key engine of growth for the domestic economy with its links to numerous supporting and ancillary industries and services. The robust health of the Housing & Property sector is key to the economic health and wellbeing of the nation. A rising property market generates a wealth effect on the economy with its multiplier effects. However, since the beginning of this year, the housing and property sector has somewhat been in the doldrums facing many challenges. Several property developers have reported slower or sluggish sales since the beginning of the year. The secondary marketing has also slowed down. The challenge of providing more affordable housing remains unmet.