20 Sept 2017
PETALING JAYA: The majority
of Malaysian property developers are neutral or pessimistic about the
property market performance for the second half of the year (2H17).
According to a survey carried out by the Real Estate and Housing
Developers' Association Malaysia (Rehda) among its members, 44% of the
153 respondents indicated a neutral outlook while another 44% indicated
a pessimistic outlook with only 8% indicating an optimistic outlook.
In terms of residential sector growth for 2H17, 51% indicated a neutral
outlook while 28% are pessimistic about the sector and 16% are
Sentiment among survey respondents seem to be better for the first half
of 2018 (1H18), with more respondents (26%) indicating an optimistic
outlook on property market performance as well as residential sector
However, the majority of respondents are still cautious about the
property market with 37% remaining neutral on property market
performance and 49% remaining neutral on residential sector growth.
For 2H17, 48% of these developers are planning to launch 17,535 units
comprising 7,386 landed homes, 9,647 strata units and 502 commercial
About 76% of respondents with future launches expect their sales
performance to be 50% or less.