Recovering slowly, but surely

Recovering slowly, but surely

KUALA LUMPUR (Jan 8): Since the country began its transition to the endemic phase of Covid-19 in April last year, the property industry has shown signs of improvement, as evidenced by better overall sales performance and more landbanking activities.

City & Country talked to local industry experts about their key takeaways from 2022 and insights for the new year. Many of them expect the industry’s recovery to continue, premised on a stable political scene and improvements on the health front. However, issues such as the rising cost of living and a potential global recession were among their concerns.

While the spotlight was on the industrial subsector in 2022, the industry experts expect emerging sub-sectors such as data centres and workers’ accommodations to shine alongside industrial this year.

In the same issue, we have The REAL deal column that discusses some of the housing issues the newly minted Minister of Local Government Development Nga Kor Ming needs to address. We also look into the performance of omnichannel retail in Asia-Pacific, and Setia Eco Park as one of the pioneers in green township developments. Also in this issue, we feature some historical attractions in Ipoh Old Town.

Read all about it in the Jan 9 issue of City & Country.

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