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 Rehda: Improved sentiment in property sector


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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 optimistic.

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 growth.

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 units.

About 76% of respondents with future launches expect their sales performance to be 50% or less.




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