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PETALING JAYA: Malaysian developers are more optimistic about the outlook of the property industry in the second half of 2021 compared with the first half of this year, on the expectation that the broader economy will recover and boost buying sentiment.
TWO landmark judgements by the Federal Court – one in November 2019 and the other just last week – have significant impact on the property sector, as the court’s ruling has thrown a spanner in the works of how developers behave in practice.
THE Federal Court ruling which requires property developers to calculate late delivery charges based on the date developers accept buyers’ booking fees is expected to impact the property development sector negatively.
No reason to slow efforts in promoting Malaysia as a second home (MM2H)
Napic: Some issues with data sharing and confidentiality
Units priced RM300,000 and below form the largest unsold segment
KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (Rehda), which is cautiously optimistic about the outlook of the property sector, hopes for better improvement in the first half of 2021 (1H2021), provided there is no new community transmissions of COVID-19 in the country.
THE demand for landed residential properties with affordable prices in Johor is expected to remain fairly steady for this year, underpinned by the reintroduction of the Home Ownership Campaign (HOC).
KUALA LUMPUR: UOB Kay Hian believed measures introduced by the government such as the reintroduction of House Ownership Campaign (HOC) could mitigate the impact of severe decline in property sales in 1H20 induced by the COVID-19 pandemic