AmResearch: Outlook for property market still challenging but some bright spots emerging

The outlook for the Malaysian property sector in the next 12 months remains challenging although most developers have achieved their new sales targets, according to AmResearch.

Against such a backdrop, it expects certain segments to outperform in the current market condition, particularly those with overseas exposures, especially in China and Singapore, will do better in the medium term. “We believe high-rise development around these areas provide good connectivity, hence convenience, for home buyers.”

Nonetheless, AmResearch noted that most developers remain cautious, and are still assessing the economic situation before deciding to continue or defer future launches.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SMEs see RCEP as bright spot, happy it addresses market access issuesPETALING JAYA: SMEs see the Regional Comprehensive Economic Partnership (RCEP) as a bright spot as it addresses market access issues faced by the comm...
Source: theSundaily - 🏆 25. / 51 Read more »

Knight Frank Malaysia: Residential property market to remain challenging in first half of the yearKUALA LUMPUR: The anticipated commercial rollout of the Covid-19 vaccine by the first half of 2021 (1H21) will boost the hopes for the country’s econo...
Source: theSundaily - 🏆 25. / 51 Read more »

Brighter second-half property market outlookOn the expectation that an impending economic recovery will spur buying sentiment.
Source: staronline - 🏆 4. / 75 Read more »

Property market performance down 9.9% in 2020The Valuation and Property Services Department expects a cautious market performance in 2021. FMTNews Property
Source: fmtoday - 🏆 5. / 72 Read more »