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Boost for hotel sector

THE Malaysian hotel industry, which was one of the hardest hit sectors during the pandemic, looks set to finally begin its much-needed path to recovery. ....

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Brighter outlook for Malaysia's property market but headwinds remain

The Full Movement Control Order (FMCO) no doubt disrupted the country’s economic recovery plan. Looking at the financial figures, however, the impact of the second nationwide lockdown was not as bad as expected. According to the Department of Statistics Malaysia (DOSM), the country recorded 3.7% growth in gross domestic product (GDP) in the first nine months of 2021, compared with -6.3% a year ago. DOSM also forecasts 3% to 4% growth in GDP for 2021, largely attributable to the restrictive measures under Phase 1 of the National Recovery Plan. ....

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Property market likely to see recovery only in 2022, says Rahim & Co

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 dominate the market with price consolidation, and the Home Ownership Campaign 2021 will give the market a boost,” said research director Sulaiman Saheh during a virtual press conference on Jan 26. ....

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Retailers re-strategise business plans

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-channel strategy and provide both online and offline or physical store experience as part of the new normal.” ....

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Property overhang to remain high in 2021 | Daily Express Online - Sabah's Leading News Portal

Published on: Wednesday, January 27, 2021
By: Bernama
Text Size:
Properties within the city or urban areas would see a strong demand and likely reduce the number of overhang property if prices were adjusted.
Kuala Lumpur: The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd.
Its research director Sulaiman Saheh referred to Rahim & Co’s Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala Lumpur recorded the highest numbers of overhang properties at 33,000 units, 8,700 units and 7,800 units respectively.
Other states such as Perak and Penang also posted higher numbers at around 4,000 units each. ....

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