In the near term, Kenanga Research believes that it will be a renter’s market and property sales will remain muted. It however believes that there will be improvements in sales in the second half of the year.
PETALING JAYA: The local property sector should start to see a mild rebound in the second half of 2021, on the back of fewer Covid-19 cases, the availability of the vaccine and steady pick-up in economic activity.
According to Kenanga Research, the property market is expected to generate slow sales in the first half of this year, which would then get better as the Covid-19 situation improves.
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