MCO 2.0 to cause delay in property market recovery, says Sime Darby Property

MCO 2.0 to cause delay in property market recovery, says Sime Darby Property

The Edge Markets - Malaysia·2021-02-26 15:02

KUALA LUMPUR (Feb 26): Sime Darby Property Bhd, Malaysia’s largest property developer in terms of land bank, today said the movement control order (MCO) 2.0 and emergency order will affect property sales and cause delay in the recovery of the property market. 

Speaking at the group's financial results virtual briefing today, Sime Darby Property group managing director Datuk Azmir Merican said it expects residential market outlook for the year to remain flattish with recovery likely to be delayed to 2022. 

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