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The local property market is expected to be soft this year and likely to see a further delay in recovery to 2022, according to Rahim & Co in its Property Market Review 2020/2021. While there is optimism that the turning point will be in the latter part of 2021 with the vaccine about to be mobilised, a further delay in recovery to 2022 would not be a surprise with the recent resurgence of Covid-19 cases and reimplementation of lockdowns, it said. “We expect the residential market to remain focused on the affordable segment as overhang is still a concern. Secondary sales are expected to domin...

THE retail sector has been one of the biggest casualties of the Covid-19 pandemic in 2020. Going into 2021, not much has really changed and with the situation unlikely to be abated any time soon, retail players will have no choice but to re-strategise their business plans. According to Henry Butcher Malaysia’s Malaysia Property Outlook 2021, the country’s retail future depends highly on the way Covid-19 is handled, such as government policies on movement restrictions and physical distancing guidelines. “Moving forward, retailers and food and beverage (F&B) operators must adopt the omni-...

Share Only properties in Malacca had a median of three, while all other states in Malaysia had a median of 3.1 and higher. THE STAR Malaysia property overhang may stabilise slightly Wed, 3 February 2021 The level of residential property overhang in Malaysia may stabilise slightly this year, but is expected to remain high as the price-to-income ratio continues to affect affordability. Rahim & Co International Sdn Bhd research director Sulaiman Saheh said there were 57,390 overhang units of residential, serviced apartments and small office home offices worth 42.49 billion ringgit ($10.5 billion...

At the launch of Rahim & Co’s 2020/2021 market review earlier this week, Rahim & Co real estate agency chief executive officer Siva Shanker said the recent spike in Covid-19 cases has pushed all hopes of a strong market recovery to 2022, at best WITH the recent spike in Covid-19 cases, any projected recovery that had been slated for the local property market for 2021 will likely have been deferred. However, that is not to say that there aren’t any opportunities to be tapped in a soft property market. At the launch of Rahim & Co’s 2020/2021 market review earlier this week...

Anytime is still a good time to buy property as it is an appreciating asset and a good hedge against inflation, advised Siva. PETALING JAYA: The level of residential property overhang in Malaysia may stabilise slightly in 2021, but is expected to remain high as the price-to-income ratio continues to affect affordability. Rahim & Co International Sdn Bhd research director Sulaiman Saheh (pic below) said there were 57,390 overhang units of residential, serviced apartments and small office home offices worth RM42.49bil as at the third quarter of 2020 “The overhang levels continued to increase ...