Keeping the optimism, Mr Ismail
sees the lacklustre sales figures as largely due to the year-end festive season-since most are away on a vacation for relaxation and celebrations with their families.
Another factor is that developers are perhaps delaying the launch of their new projects to probably in end February or even in March -after the Chinese New Year period.
"However, prospective homebuyers are exercising even greater caution in their capital outlay before committing to make the property purchase, more so now that there are numerous buying curbs in place," explains Mr Mohd Ismail, CEO of PropNex Realty, "they are also highly sensitive to properties with a higher overall quantum."
also refuses to rule out the possibility of having even fewer new private homes transacted this year-as the impact of the curbs such as the TDSR
and ABSD, are unlikely to wear off anytime soon.
Home buyers and investors will continue to remain selective with projects-but upcoming projects that are priced at the right quantum will see good demand," concludes Mr Ismail