Mixed outlook for property sector as pandemic bites

Beyond the Pandemic

Real estate sales and media company Juwai IQI reckons it is not all gloom and doom for the property sector, especially when a recovery is expected to unleash pent-up demand both in Malaysia and elsewhere.

The group’s co-founder and chief executive officer Kashif Ansari said Bank Negara Malaysia’s stance in keeping a check on both the ringgit’s structural stability and price inflation would keep the economic momentum going amid the COVID-19 impact.

“We believe the real estate sector remains resilient and expect property prices to appreciate by three to five per cent next year due to strong demand, the economy reopening, and an accommodative monetary policy.”

He said real estate remains a safe asset for sophisticated and smart investors. – Bernama

Read more: The Star

Source: The Star 

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