Upbeat outlook for Malaysia property sector


UOBKH notes that Matrix and Sunway (pic) may display the most resilient earnings growth going forward.

PETALING JAYA: The property sector is expected to record stronger earnings in 2023 on a year-on-year (y-o-y) basis, backed by developers’ strong unbilled sales and increased property launches.

Upgrading its view on the sector to “market weight”, UOB Kay Hian Malaysia Research (UOBKH) said improvement in labour supply, easing of raw material prices and pent-up demand may also continue to lead earnings recovery next year.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Earnings , growth , demand , newlaunches

Next In Business News

Affin Bank can catalyse sme growth in strategic sectors, says Abang Johari
Pan Merchant to proceed with ACE Market listing amid cautious market reception
ASM IPO shares oversubscribed by 1.27 times
Mulpha International's indirect unit secures RM203.83mil cash advance from National Australia Bank
Willowglen MSC wins RM15.3mil contract
Magni-Tech records lower 4Q25 net profit
Malaysia signs economic partnership deal with Switzerland, Norway, Iceland and Liechtenstein
AirAsia X adds Tashkent, Uzbekistan as second Central Asia destination
MyNews 2Q profit up 32%, eyes 700 outlets
Ringgit closes lower against US dollar amid Middle East uncertainty

Others Also Read