INDUSTRY NEWS (9 MARCH 2021)
Is anybody’s guess if the M’sian property sector shall rebound or remain soft
It looks like nobody can predict accurately how the Malaysian property sector would fare in 2021. By far, analysts have a mixed view as to whether the market would stabilise or remain soft for a while longer amid the current COVID-19 pandemic spell which has dented the
Analysts do not expect any earnings surprises from Malaysian property sector
Analysts expect no surprises in earnings prospects for the local property sector over the short to medium term, as developers are more aggressive in clearing unsold units by offering discounts with the inventory level on a declining trend. AmInvestment Bank Research (AmResearch) said
Property prices dropped in 1Q21
Propertyguru’S Malaysia Property Market Index (MPMI) 1Q21 found asking prices for properties in Malaysia have dropped quarter-on-quarter. In its MPMI first-quarter 2021 (1Q21) report, Kuala Lumpur (KL), Johor and Penang registered a drop of 1.8%, 0.83% and 0.78% respectively,
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