Sales for all property transactions for the nine-month calender year of 2020 dropped by 22% compared with the same period a year ago due to the lacklustre market and the impact of the Covid-19 pandemic, the report said. It is “neutral “on the sector. “We do not expect to see surprises in earnings over the next 12 to 18 months, ” AmInvestment Bank said.
PETALING JAYA: The outlook for the property sector remains challenging for the next 12 months despite most developers having achieved their new sales target, according to AmInvestment Bank.
Sales for all property transactions for the nine-month calender year of 2020 dropped by 22% compared with the same period a year ago due to the lacklustre market and the impact of the Covid-19 pandemic, the report said. It is “neutral “on the sector.
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