KUALA LUMPUR, Sept 30 — The Real Estate and Housing Developers’ Association Malaysia (Rehda), which is cautiously optimistic about the outlook of the property sector, hopes for better improvement in the first half of 2021 (1H2021), provided there is no new community transmissions of the COVID-19 pandemic in the country.
The expected sales will further improve in 1H21 in line with the economic recovery and the ongoing Home Ownership Campaign (HOC), as well as the low interest rate environment, its president, Datuk Soam Heng Choon said.
“With the ending of the moratorium, which falls today (Sept 30), I think financial institutions are giving targeted help both through extended moratoriums and also through restructuring and refinancing of loans for those buyers who still need assistance.
“This is because there may be people who are still unemployed or have had salary cuts in certain sectors of the economy — that has not seen recovery, especially those in the hospitality sector,” he told a press conference on the upcoming HOC-Malaysia Property Expo 2020-2021, here today.
The expo will be happening from Friday to Sunday (Oct 2-4) at the Mid Valley Exhibition Centre, here.