Penjana incentives for property sector will help alleviate weak sentiment

House cht

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.