Rehda president Datuk Soam Heng Choon Pic) said the global vaccine rollout will improve the country’s economic outlook, which will in turn spur the local property sector.
PETALING JAYA: Local developers are more optimistic about the outlook of the property market in the second half (H2) of 2021 than the first six months of the year, on the expectation that an impending economic recovery will spur 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 H2 of 2021, compared with just 8% in H1 of 2021.
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