Recovery in demand for property sector on the cards

Mah Sing Group Bhd and Lagenda Properties Bhd, which focus on affordable housing developments, are setting higher sales targets in anticipation of pent-up demand in this market segment,” AmInvestment said.

PETALING JAYA: The property sector should see a gradual recovery in demand as borders reopen and international travel resumes, bringing back interest from buyers seeking out affordable locations within the region.

Optimism in the sector, however, may be tinted by potential risks of stagflation and rising cost of construction.