Can The Property Sector Rebound In 2023?

The KL Property Index is down by a whopping 55% year-to-date, faring far worse than FBM KLCI which is down by 6%. This underperformance has been driven by a combination of issues such as higher interest rates which raises the repayments of consumers, overall worsening inflationary pressures and uncertainty on the general elections which was only recently concluded. With all these confluence of factors continue to drive share prices lower or will the fortunes for the sector finally turn in 2023? For answers, we speak to Loong Kok Wen, Senior Analyst at RHB Research Institute.

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