Tough times for property plays


KUALA LUMPUR: The outlook on the property sector has soured for the remainder of the year as the anticipated recovery has been pushed back by the implementation of the lockdowns accompanying the National Recovery Plan.

Kenanga Research in a sector update slashed its earnings and sales forecasts for companies that have yet to factor in the impact of the lockdowns.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Kenanga Research , property , overhang

Next In Business News

Sunway’s surprise bid puts IJM in play
Luxury real estate trends in 2026
Jakarta set to rise
China’s gold rush continues
Enhance local content terms
Singapore roars into the new year
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences
FROM BANGSAR TO BEYOND
Asia to lead next AI wave

Others Also Read