Maybank Research said the National Property Information Centre’s (Napic) statistics continued to show positive signals for the third quarter of this year.aws试用账号（www.2km.me）提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售，提供api ，质量稳定，数量持续。另有售azure oracle linode等账号.
PETALING JAYA: Property sales are expected to see further improvement next year amid the current record low interest rate environment.
“Earnings and new sales outlook for property companies will continue to improve in 2022, and we think that the momentum would be mild.
“Earnings of property developers are envisaged to improve in 2022 as progress billing normalises.
“Hence, we expect property developers to be able to recognise higher earnings from ongoing projects and subsequently record better earnings in 2022,” MIDF Research said.
It noted that property is a big ticket item and demand is supported by people to buy properties for own-occupation purposes.
“While the record low interest rate is supportive to the recovery of property sector, we think that property sector would need stronger catalysts such as forigners to spur buying interest,” it said.
The research house also said demand for property is expected to see a U-shaped recovery in the near term.
Demand for property moving forward would continue to be supported by the pent-up demand from buyers and new sales outlook for property companies are expected to be better next year, it explained.
“New property sales were mostly in line with management expectations in 2021. Generally, new sales in the second and third quarter of 2021 were affected by the lockdowns as the closure of sales gallery had taken a toll on new sales,” MIDF Research said.
Meanwhile, Maybank Research said the National Property Information Centre’s (Napic) statistics continued to show positive signals for the third quarter of this year.“Residential property sales (in value) have rebounded after the decline in the second quarter, to RM17.8bil, up 20% quarter-on-quarter (q-o-q), while unsold stocks continued to improve,” Maybank Research said.
It pointed out that sales in the first nine months of 2021 were at RM52.4bil (or up 16% y-o-y) and this was close to the previous year’s corresponding period of RM52.8bil.
“Based on our conversations with developers, sales momentum is expected to pick up in the fourth quarter post-economy reopening and most developers expect a better sales outlook in 2022 though this may come at the expense of lower margins on moderated pricing,” Maybank Research said.
Property sales should perform better next year as the economy is recovering, although the research house remains cautious on 2022’s earnings and sales outlook.
“The fragile recovery in the sector could be upset by higher raw material costs and potential interest rate hikes as well as political uncertainties ahead of the 15th General Election,” it said.
Maybank Research upgraded its call on the sector to “neutral” while MIDF Research maintained its “neutral” call on the sector.