The underlying property market outlook in Malaysia will remain challenging as supply continues to overwhelm demand, analysts observe in a property developers sector update.
According to the research arm of Kenanga Investment Bank Bhd (Kenanga Research), the property glut is expected to persist with properties currently under construction coming in progressively to add to the already huge inventory of completed stocks.
“To put things in perspective, the Malaysian property market will still be struggling with supply dwarfing demand going forward,” Kenanga Research said.
