INDUSTRY NEWS (29 December 2021)
High unsold units make it difficult for developers to drive sales in 2022
WHILE property sales in CY2021 have been encouraging, Kenanga Research is less upbeat on prospects for CY2022 primarily due to absence of house ownership campaign (HOC) which provides cash savings of RM6,350 to RM28,500 (2.1%-2.9%) for properties worth RM300,000-RM1 mil.
Mah Sing optimistic on property market revival
MAH Sing Group Bhd is cautiously optimistic about the property prospects in the medium-to long-term, citing robust demand for properties from the country’s young population.