The property sector is poised for recovery in 2021, driven by a better economic outlook and historically low-interest-rate environment as well as pent-up demand.
Maybank IB Research expects buying sentiment on properties to improve in anticipation of a better economic outlook this year.
It also opined that sales for the first half of this year would perform better than the second half as buyers are expected to make full use of the Home Ownership Campaign (HOC) 2020 before it ends on May 31, 2021.
Media Title: The Star
Date: 20 Jan 2021