Developers have mixed views on property sector’s outlook in 2020

Sime Darby acting group chief executive officer Datuk Wan Hashimi Albakri expects a tough year for property developers in general this year.

WITH the final reporting season for 2019 just concluded, most developers were able to provide guidance to investors on the outlook for the local property sector in 2020.

At its briefing on Thursday, Sime Darby Property Bhd revealed that it is setting a conservative sales target of RM2.3bil for 2020, the same amount it had set the year before.