Due to these factors, a market recovery may be on the horizon this year, according to industry observers. They concur that 2022 will be the start of higher economic activities and investments in the local property market, with more focus on affordable, value-for-money residential and industrial, logistic products. The local property market, nonetheless, is still facing challenges and disruptions in 2022 such as political uncertainties, delay in construction works, the shortage of construction workers and an increase in the cost of building materials, among others. The industry experts share the lessons learnt and key takeaways from 2021, and their insights and predictions for this year. For more insights on what’s in store for FY2022, check out The Edge Malaysia weekly’s Jan 10 edition.
