In today’s property show, Michael shares his insights on our local property sector. He highlights that the property market may rebound quite rapidly because of pent-up demand which has been observed previously in other financial crisis such as the Asian Financial crisis. He also says that the property overhang in some states is not as critical as it seems because many developers have already broken-even.
Michael is optimistic about the property market 2021 but stresses that moving forward all industry players such as the developers, banks, consultants, or the government should sit down to formulate strategic policies to attract foreign investors as we are losing out to our regional players.
Guest: Michael Kong, President of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector
Presenter: Sharon Chang