INDUSTRY NEWS (11 MARCH 2021)
Property overhang still a concern, Gov’t should not rest on their laurels
Property overhang has been a long outstanding issue in the Malaysian real estate industry, but the situation took a turn for the worse due to the onslaught of the COVID-19 pandemic. In fact, the number of overhang properties is expected to remain high this year, say experts. According
Ministry to implement project connecting Kampung Baru to DUKE and AKLEH
The Federal Territories Ministry will implement a road project to link Kampung Baru and the Duta-Ulu Kelang Expressway (DUKE) as well as the Ampang-Kuala Lumpur Elevated Highway (AKLEH) involving a cost of RM250 million. Minister Tan Sri Annuar Musa said the project
Weak sentiment weighs on property sector
Property stocks will remain unattractive to investors due to weak consumer sentiment, while the poor global economic outlook continues to weigh down on the sector. AmInvestment Bank Bhd (AmInvest Research) analyst Thong Pak Leng said most listed developers remain cautious
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