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