Paramount remains upbeat on property sector

Paramount's Corp Jeffrey Chew Sun Teong briefing the media yesterday. - Bernama

KUALA LUMPUR: Paramount Corp Bhd remains bullish on the property sector’s prospects in emerging markets, especially in Malaysia, for the second half of the year, despite the uncertainties caused by the Covid-19 crisis.

Group chief executive officer Jeffrey Chew Sun Teong said the property take-up rate is expected to recover in later this year due to the gradual reopening of the economy since the implementation of the recovery movement control order (MCO).