Weekly Industry News

Most REHDA members expect take-up rate to fall

Weekly Industry News

Some 75% of Real Estate and Housing Developers Association Malaysia (Rehda) members anticipate a lower take-up rate of less than 50% for the first six months from the dates of their launches in the second half of this year (H2’19). This is based on the association’s first-half property industry survey involving 144 members in the Peninsular Malaysia.

In the first half of the year, the take-up rate was 58.2%.

“We need to be reasonable in our expectations,” said its president Datuk Soam Heng Choon at a media briefing on the survey results and market outlook.

Media Title:  The Sun

Date: 27 Sep, 2019

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