PETALING JAYA: The local property sector should start to see a mild rebound in the second half of 2021, on the back of fewer Covid-19 cases, the availability of the vaccine and steady pick-up in economic activity.
According to Kenanga Research, the property market is expected to generate slow sales in the first half of this year, which would then get better as the Covid-19 situation improves.
“Given the uncertainty of a full recovery or any form of return to normalcy to pre-Covid-19 levels, we believe it is tough to gauge when the sector will make a comeback. On one part, the easing of local lock-down restrictions is a positive sign, as it will push economic recovery to the right track.
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