KUALA LUMPUR (Jan 27): Despite the disruption to the property market recovery that was expected in 2021, real estate consultancy firm Rahim & Co International Sdn Bhd deemed that the overall performance has been stable and expects the segment to recover gradually.
During the media launch on Thursday (Jan 27) of Rahim & Co’s Property Market Review 2021/2022 report, its executive chairman Tan Sri Abdul Rahim Abdul Rahman said the market has shown a glimpse of improvement in between the national lockdowns in 2021.
“The [property market] recovery expected in 2021 was disrupted due to the resurgence of Covid-19 cases and though the first six months of 2021 did improve significantly, third quarter performance caused a slight pull back which ultimately ended with a more muted nine-month transaction performance.
