Property market likely to stay flat

Property overhang cht

PUTRAJAYA: The Malaysian property sector, which saw a slight increase in the level of residential overhang in the first half of the year, is expected to remain soft for the remainder of 2020 in light of the economic uncertainties created by the global Covid-19 pandemic.

The National Property Information Centre (Napic), in its report on the Malaysian property market for the first half of 2020, said the rate of recovery will depend on both local and external factors.