Brighter second-half property market outlook

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On the expectation that an impending economic recovery will spur buying sentiment.

Rehda president Datuk Soam Heng Choon Pic) said the global vaccine rollout will improve the country’s economic outlook, which will in turn spur the local property sector.

Rehda president Datuk Soam Heng Choon said the global vaccine rollout will improve the country’s economic outlook, which will in turn spur the local property sector.“When the broader economy recovers, the property market will as well, ” he said during a media briefing yesterday. The survey revealed that Kedah, Perlis, Negri Sembilan, Pahang and Selangor planned to launch residential units within the RM250,001 to RM500,000 price range, whereas Johor, Penang and Wilayah Persekutuan aimed to offer units priced between RM500,001 and RM700,000.

Separately, Rehda said the sales performance was better in H2 of 2020, increasing from 43% in H2 of 2019 to 45% during the period under review.

 

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