KUALA LUMPUR: Incentives under the Penjana Short-term Economic Recovery Plan will help to alleviate the weak sentiment but these lifelines given to the property sector would only moderately revive demand, with many buyers taking a wait-and-see approach.
As for the KL Property Index which continues to trail behind the broader FBM KLCI on a year-to-date basis, UOB KayHian said the latest round of measures have largely been priced in after property stocks rose in the past one to two weeks.
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