Logo 18 Jun 2024

Property sector still in the doldrums in May

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Stats bureau (NBS) data published Monday indicates May was another tough month for the property sector.
The headlines:

New investment in the real estate sector declined 11% y/y, extending a 10.5% decline in April.
New construction starts fell 22.7% y/y, following a 14% drop the month before.
Comple...