KUALA LUMPUR: Property sales are expected to perform better in 2022 as the economy continues to recover and there is a further reduction in unsold stocks.
Property sales had rebounded 20% quarter-on-quarter to RM17.8bil during the quarter after the decline in Q2, while unsold stocks continued to improve by -60.6% q-o-q and -59.8% year-on-year to 46,889 units in Q3 thanks to aggressive marketing packages by the developers. Based on its conversations with developers, Maybank Investment Bank Research expects sales momentum to pick up in Q4 post-economic reopening.The research house noted that most developers were expecting a better sales outlook in 2022, although this may come at the expense of lower margins on moderated pricing.
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