Most Malaysians think property prices will rise

Almost 60 per cent of Malaysians think property prices would rise this year, according to an online survey done by property website iProperty.com Malaysia.

“Most Malaysians feel strongly that 2010 will be a good year for investment.

A general sense of optimism has indeed prevailed in the market resulting in many more buyers and sellers than before,” Ken Tsurumaru, country manager of iProperty.com Malaysia said in a statement.

Based on the survey, 23 per cent think prices could rise between 10-39 per cent while another 34 per cent think prices could rise between 1-9 per cent this year.

By Business Times