Recovery in sight for property market by 2H21

Rehda president Datuk Soam Heng Choon

PETALING JAYA: Malaysian developers are more optimistic about the outlook of the property industry in the second half of 2021 compared with the first half of this year, on the expectation that the broader economy will recover and boost buying sentiment.

In a survey of 134 respondents by the Real Estate and Housing Developers’ Association (Rehda), it was revealed that 20% are optimistic about the property market and sales performance in the second half of 2021, compared with just 8% in the first half.