Developers revising sales targets to suit sentiment


Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Soam Heng Choon (pic) told StarBiz that among those with sales target revisions, some have recently revised their figures downward by 20% to 40%.



PETALING JAYA: Most developers have and will revise their sales targets for 2020 as a result of the movement control order (MCO) brought about by the coronavirus outbreak (Covid-19).

Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Soam Heng Choon told StarBiz that among those with sales target revisions, some have recently revised their figures downward by 20% to 40%.

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