Henry Butcher Malaysia has just announced the launch of their annual property market report, Henry Butcher (HB) Malaysia Perspective 2021. With reviews of the Malaysian property market in 2020 and outlook for the market of 2021, it provides valuable insights to the future of the property industry.
The HB Perspective 2021 acts as a guide to readers who want to know the current state of the property industry market and what to expect in the coming future. Published in place of Henry Butcher’s regular newsletter, the report will provide a review of various states’ property markets in 2020, along with views on the outlook of these markets in the following year.
The report offers insightful key points throughout the residential, office, retail, industrial, and hospitality & leisure sector. It provides essential information of the current factors that would impact the property market and its effect on each sector—namely covering aspects such as the pandemic, implementing MCO 2.0, the rollout of the Covid-19 vaccination programme, and many more.
“Overall, the property market in 2021 is expected to be flattish or record a slightly better performance than 2020, as the start of the vaccination programme in the country would help in controlling the covid-19 pandemic and start the economy on a recovery path. However, with the recent rise in infections and the implementation of MCO 2.0 and the declaration of emergency, the hoped-for recovery may be delayed till 2022.”Mr. Tang Chee Meng, the Chief Operating Officer of Henry Butcher Real Estate
The report had stated that the overall situation is expected to continue to be challenging as the pandemic has yet to be brought under control, and the political situation in the country is still full of uncertainties.
The Chief Operating Officer, Tang Chee Meng has also noted that the recent spike in Covid-19 cases and the subsequent moves by the government to curb the spread of the pandemic may delay the industry recovery to next year.
The founding partner and director of Henry Butcher Malaysia, Long Tian Chek expressed his hope that the government will extend the HOC and continue to come up with additional measures to aid the property industry to pass through this trying period and stage a sustainable recovery.