Malaysian developers are more optimistic about the outlook of the property industry in the second half of 2021 compared with the first half of this year, on the expectation that the broader economy will recover and boost buying sentiment.
In a survey of 134 respondents by the Real Estate and Housing Developers’ Association (Rehda), it was revealed that 20% are optimistic about the property market and sales performance in the second half of 2021, compared with just 8% in the first half.
The survey also showed that 26% are optimistic about residential sales growth in the second half of 2021, compared with just 8% in the first half.
Rehda president Datuk Soam Heng Choon said the global vaccine rollout will improve the country’s economic outlook, which will in turn spur the local property sector.
“With more countries recovering from Covid, our trade will improve and this will boost our economy.
Media Title: The Edge
Date: 05 Apr 2021