INDUSTRY NEWS (1 January 2022)
Developers could face year of the ‘tough sell’ in 2022
It will be tougher in 2022 to push property sales due to the absence of the Home Ownership Campaign (HOC), a possible interest rate increase as the economy recovers, and a more competitive market caused by growing overhang and unsold units in the residential market, according to Kenanga Research.
Gagasan Nadi secures a RM195.2m residential project
GAGASAN Nadi Cergas Bhd has secured a construction contract worth RM195.2 million from a subsidiary of Paramount Corp Bhd (Paramount Group).