KUALA LUMPUR: IOI Corp Bhd founder Tan Sri Lee Shin Cheng said that there would not be any property bubble in 2014.
However, Lee said there would be fewer launches and developers would opt to launch smaller units, he commented during Invest Malaysia 2014 on Tuesday.
For IOI Properties, Lee, who is also its executive chairman noted that the group would launch smaller units in 2014, but coupled with more varieties.
Meanwhile, BIMB Research said in a report last Friday that it expects the property sector’s growth momentum in terms of transactions and prices to be muted as buyers were expected to adopt a wait-and-see approach.
This came given the overall unexciting macro fundamentals and the mismatch of demand-supply scenario.
“The situation is further exacerbated by the Government’s restrictive measures to cap heightening speculation and also property price bubble.
“Hence, we see the consolidation to continue in the near term hence our Neutral rating on the sector,” it said.
BY ZUNAIRA SAIEED
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