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The second half of 2021 might see housebuyers’ interests improve again, driven by improved economic and public health climate, said PropertyGuru in their recent Property Market Outlook 2021 report.
The property portal sees that Malaysia’s economy will gradually improve next year, which will positively affect the property market as well, although it will be at a slower pace.
The property market is expected to improve in the second half of 2021, partly driven by an improved economic and public health climate. Strong existing demand for homeownership will likely be unlocked and we will see healthy growth in property transactional activity. However, the recovery is expected to be gradual as we acclimatise to a post-Covid reality.