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WHILE statistics show a large segment of property buyers rely on the Internet and digital marketing, they will eventually seek advice from trusted real estate agents or real estate negotiators (RENs).
“Real estate transaction is a big-ticket item, so the buyer is very careful. It is necessary to keep this conventional way as the human touch is still very important, which is why all real estate agents and RENs need to be ethical and not interrupt the trust bridge between buyers and agents,”
To maintain the trust and confidence of the public and investors, they as the practitioners, should elevate and improvise their services.
“We should consider a mechanism to rate the level of services provided by our RENs,”
Malaysian economy was expected to face another tumultuous period this year due to the ongoing domestic adjustments and rising external headwinds.
The prospect is rather challenging. It affects all sectors, including real estate. There is the issue of property overhang. Unfortu-nately, a large portion of the overhang derives from the affordable range which should not have happened in the first place.
“We applaud the government’s initiative to address this problem. This includes the various incentives and stamp duty exemption given to the targeted group comprising B40 and M40 particularly for first home buyers.”
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