Optimism from certain quarters about a recovery in the property market during the second half this year is likely to be misplaced as sentiment and fundamentals remain weak, said AllianceDBS Research in a note today.
The research house said that 2016 could be an even more challenging year for the sector in light of the tepid economic outlook and persistently poor consumer sentiment.
“Additionally, the accelerating incoming supply over the next two years could further dampen the weak sentiment as buyers may continue to adopt a wait-and-see attitude in anticipation of lower selling prices,” it said.
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The research house said that 2016 could be an even more challenging year for the sector in light of the tepid economic outlook and persistently poor consumer sentiment.
“Additionally, the accelerating incoming supply over the next two years could further dampen the weak sentiment as buyers may continue to adopt a wait-and-see attitude in anticipation of lower selling prices,” it said.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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