Property sector to continue upswing

MIDF Research said it remains “positive” on the local property sector as it believes the overall outlook for the market is improving.

PETALING JAYA: The property market is expected to continue its positive trajectory into the second half of the year, especially in light of the constructive developments in Johor and declining overhang.

MIDF Research in a report noted that Johor has proposed establishing the Johor-Singapore Special Economic Zone (JS-SEZ) in the Iskandar Malaysia region and Pengerang.