Q3 2021 Real Estate Times Malaysia

Industry players remained optimistic as the National Recovery Plan was on track

Key Highlights:

  • The gradual opening of economic sectors is expected to boost businesses and ease constraints faced by the private sectors, especially during the Movement Control Order 3.0 (MCO 3.0). As of September, Klang Valley has entered Phase 2 of the National Recovery Plan (NRP). Most sectors were allowed to resume under strict standard operating procedures.
  • Developers on a selective basis have aggressively pursued land banking, which is at an opportune time due to the soft market in anticipation for post[1]pandemic recovery and growth of the real estate market.
  • As Klang Valley has moved to Phase Two of the National Recovery Plan (NRP) and with the relaxation on the SOPs, office viewings are expected to increase gradually and we expect to see more leasing activities in Q4 onwards.
  • Despite the retail gloom, international retail chains related to convenience stores and F&B are expanding in Malaysia.
  • Many developers are capitalizing on demand for more affordable properties by focusing on development outside the city centre.

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