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Economic headwinds taking a toll on Malaysia’s property sector outlook

Focus Malaysia LogoFocus Malaysia1 mo ago

Economic headwinds taking a toll on Malaysia’s property sector outlook

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PROPERTY sales are expected to be flat in 2022 prompted by uncertainties brought about by inflationary pressure, swing in the ringgit and the risk of recession in western countries which could hit demand recovery.

IOI Properties Group Bhd and UOA Development Bhd should strengthen more significantly this year as the economy and international borders re-open,” added RHB Research.

Developers with ongoing township developments (eg.


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Article Details

Author / Journalist: Cheah Chor Sooi

Category: InvestingMarkets

Topics: Markets Top

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 06:40:48

News Timezone: GMT +8:00

News Source URL: focusmalaysia.my

Language: English

Reading Time: 3 minutes read

Article Length: 389 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 19839

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About Focus Malaysia

Focus Malaysia Logo

Main Topics: InvestingMarkets

Official Website: focusmalaysia.my

Update Frequency: 19 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 9h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #16

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