Moderate growth forecast for sector

RHB Research analyst Loong says the Malaysian property market is recovering, although it is not a “strong V-shaped recovery”.

PETALING JAYA: The good old days of the property market, when banks were eager to lend and buyers snapped up properties within minutes after launch, are unlikely to return – especially not in the next few years.

“The euphoria of the 2011 market upcycle is long gone. Yes, the sentiment has improved in recent times, but we have to settle for modest growth in the future,” an analyst told StarBiz.Admittedly, property sales have increased in the last one year amid increased launches, but some of the major developers are still struggling to achieve their pre-pandemic sales.