Property outlook in Malaysia to be bleak in first half

Sluggish demand: A number of property developers downsized their launches and sales targets last year, and were focusing on the affordable housing market.

PETALING JAYA: Affordability and strict bank lending will continue to weigh on the property sector, with the outlook to remain bleak in the first half of the year.

UOBKayHian Research said in a report that demand remained an issue despite property prices in key areas – Penang, Johor and the Klang Valley – remaining relatively stable with house-price indices holding up.