Neutral outlook on property sector

Foreign interests: People visiting a property fair in Penang. Malaysian properties have been getting interest from Hong Kong residents due to protests in the region which began about six months ago.

KUALA LUMPUR: AmInvestment Research is maintaining its “neutral” view on the property sector as the outlook remains challenging in the next 12 months.

It said while most developers have achieved their new sales target, the numbers were lower year-on-year whereby sales for the first nine months of 2019 were lower by 10% to 15% as compared with the previous year.

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