Developers neutral about property sector outlook until June 2023: Rehda

REHDA president Datuk NK Tong - RAJA FAISAL HISHAN/The Star

KELANA JAYA: Malaysian developers remain mostly neutral about the property industry’s outlook and the economic environment in the second half of 2022 (H2 2022) and H1 2023, the Real Estate and Housing Developers’ Association Malaysia (REHDA) said.

Of the 150 developers who responded to the Property Industry Survey H1 2022 and Market Outlook H2 2022/H1 2023 released on Wednesday, only 20 per cent and 24 per cent were optimistic about the domestic economic environment, and the industry's business prospects for the second half of 2022, respectively.