When the economy is sluggish, so is real estate.
Key factor that affects the value of real estate is the overall health of the economy. The health can be determined by measuring economic indicators such as the GDP (Gross Domestic Product of Malaysia in 2017 is expected to be higher), employment data, manufacturing activity, the prices of goods, etc.
When the country is being covered by scandals and bad reputations, the economic status are usually affected and the impact will be shown mostly on the depreciation of currency and trades. The same situation when you saw your favourite star got caught taking drugs and the sponsors stop every business relation with that fellow.
The depreciation of RM currency did not get better when Trump won the election for US president out of most expectation. Declining global oil price has also been a headache to the government as their revenues from oil and gas income have been under pressure for some time now due to falling global oil prices.
Although the growth momentum has been stable so far, global uncertainties, together with political developments and weaker domestic fundamentals, are weighing on the overall economic outlook. Most people are gloomy on the economic status of Malaysia due to the coming GE election but some believe that the worst is over and soon it will be turning green, especially the Penang markets that are getting more investors from China and Singapore.
Be more careful with your investments so that you do not lose your hard-earned cash. Invest in the right place and it will have a higher margin of safety so you do not take much more risk compared to others.
Stay tune to this blog for more info on Penang property market news!When the country is being covered by scandals and bad reputations, the economic status are usually affected and the impact will be shown mostly on the depreciation of currency and trades. The same situation when you saw your favourite star got caught taking drugs and the sponsors stop every business relation with that fellow.
The depreciation of RM currency did not get better when Trump won the election for US president out of most expectation. Declining global oil price has also been a headache to the government as their revenues from oil and gas income have been under pressure for some time now due to falling global oil prices.
Although the growth momentum has been stable so far, global uncertainties, together with political developments and weaker domestic fundamentals, are weighing on the overall economic outlook. Most people are gloomy on the economic status of Malaysia due to the coming GE election but some believe that the worst is over and soon it will be turning green, especially the Penang markets that are getting more investors from China and Singapore.
Be more careful with your investments so that you do not lose your hard-earned cash. Invest in the right place and it will have a higher margin of safety so you do not take much more risk compared to others.
You can just leave a message or pm me if you wish to know more about available housing projects in Penang!
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