PROPERTY MARKET PERFORMANCE 1H 2021

Interrupted Market Recovery

In 2Q 2021, the Malaysian economy rebounded by 16.1% as compared to 2Q 2020 (-17.2%), after the plunge y-o-y.

The construction sector recorded growth of 40.3%, buoyed by continued large infrastructure works and projects implemented under stimulus packages, e.g., PEMERKASA and PEMERKASA+. The manufacturing sector expanded 26.6%. However, both sectors declined 3.2% and 1.5% q-o-q respectively, impacted by reimposition of stricter containment measures following the sharp increase in Covid-19 cases.

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Property Market Performance 1H 2021

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