It points out that most property developers – with a high proportion of recurring income streams (50-80%) from investment properties – should also see a rebound.
As the fundamentals of the property market continue to improve, property developers and real estate agencies should enjoy an improvement in their bottom lines this year, according to RHB Group Research.
The brokerage notes that new home sales has continued to see momentum, which resulted in healthy unbilled sales for property developers that will be progressively recognised upon completion in 2021.
