PETALING JAYA: Guocoland (M) Bhd believes that the property market will stage a gradual recovery barring unforeseen circumstances, as it overcomes the large overhang of unsold properties and as consumers rebuild their finances to commit to spending on large capital items. “The country is expected to fully reopen its economy by the end of 2021. The group will continue to focus on monetising its inventories and timely completion of its development projects.
“New product launches will be phased according to prevailing market sentiments,” said Guocoland in a Bursa filing.
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