PETALING JAYA: The Real Estate and Housing Developers’ Association (Rehda) Malaysia found that 51 per cent of property developers are not planning to launch new projects in the first half (1H) of 2023, given the unfavourable market conditions.
Its president Datuk N.K. Tong said that based on current sentiment, 94 per cent of developers in its survey attributed that having access to end financing for homebuyers continue to be the main challenge for homebuyers.
Already a subscriber? Log in
The Star 6.6 DEAL: 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
