Property outlook remains challenging

AmResearch said this in a report to clients adding that it believed that consumer sentiment remains weak for the time being with spending mainly focused on necessities while big-ticket items such as properties take a back seat. “We are maintaining our ‘neutral’ view on the property sector as the outlook remains challenging in the next 12 months, it said.

PETALING JAYA: The outlook of the property sector remains challenging for the next one year with most developers still assessing the economic situation and deliberating whether to continue or defer future launches.

AmResearch said this in a report to clients adding that it believed that consumer sentiment remains weak for the time being with spending mainly focused on necessities while big-ticket items such as properties take a back seat. “We are maintaining our ‘neutral’ view on the property sector as the outlook remains challenging in the next 12 months, it said.