Maybank Investment Bank (Maybank IB) is maintaining its “neutral” call on Malaysia’s property sector due to growing risks such as slower sales amid the rising interest rate environment and delays in new property launches, as well as rising raw material costs.
Construction not seeing pickup yet, says HLIB
Hong Leong Investment Bank (HLIB) Research said 1H22 domestic contract awards totalled RM4.5 billion (-49% y-o-y). In a 2Q22 contract awards data release note on Monday (July 4)
Modest drop in property overhang in Q1 2022
The National Property Information Centre’s (Napic) property market snapshot for the first quarter of this year (Q1 2022) shows residential overhang has dropped marginally to 35,592 units valued at RM22.45 billion.