INDUSTRY NEWS (8 JUNE 2021)
Lockdown, MCOs damage real estate industry
President of Sabah Housing and Real Estate Developers Association, Datuk Chua Soon Ping, claims that the implementation of multiple lockdown and various MCOs since early 2020 has caused severe damage to the entire real estate industry. “Property developers together with
Property firms post stronger 1Q earnings
Property developers recorded stronger earnings and revenues in the first quarter ended March 31, 2021 (1Q21), despite uncertainties caused by the Covid-19 pandemic. Sime Darby Property Bhd’s (SD Property) net profit increased to RM60.61 million year-on-year (YoY) in
Recovery sentiment will emerge again in 2H21 — Analysts
While there are near term headwinds from the total lockdown, analysts believe “recovery sentiment” will resurface in the second half of 2021 (2H21) when vaccination gains significant traction. According to the research arm of Hong Leong Investment Bank Bhd (HLIB Research),
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