INDUSTRY NEWS (6 January 2022)
RHB: Some negative headwinds may hinder recovery in property sales
A resurgence of daily Covid-19 infection cases following the emergence of new variants, high building material prices, a potential overhang among property stocks ahead of the general election and earlier-than-expected rate hikes are hindering real estate from recovering, said RHB Investment Bank.
The residential market performance remains cautiously optimistic for 2022
LBS Bina expects higher property prices on rising development costs
LBS Bina Group Bhd foresees higher property prices in 2022 due to increasing building raw material prices. Its executive chairman Tan Sri