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.

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