Incentives introduced under the fourth Covid-19 stimulus package, dubbed Penjana, will help boost investor sentiment towards the property sector.
Nevertheless, analysts in general remain largely neutral on the sector, citing subdued prospects due to the challenging economic outlook.
For instance, CGS-CIMB Research said it expected the property sector to trade higher in the short term due to the “feel-good factor” from the positive measures announced.
Media Title: The Star
Date: 10 Jun 2020