Developers expect sales to pick up in 2H2021


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Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia.

The somewhat renewed interest in the property industry stems predominantly from the declining daily Covid-19 numbers and the rollout of Covid-19 National Immunisation Programme which is expected to spur consumer sentiment and economic growth, said Rehda Malaysia president Datuk Soam Heng Choon.

According to Rehda’s “Property industry survey 2H2020 and market outlook (1H2021 and 2H2021)”, over 40% of the respondents are pessimistic against the domestic economic environment (50%), organisation’s business prospect (41%) and consumer’s purchasing power (46%) in the first half of 2021.

However, the percentage of respondents who are pessimistic towards 2H2021 have reduced significantly.

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