"While demand has picked up to an extent, the overall weak economic conditions weigh on household finances and their propensity to spend on non-essentials or seek out affordable options. Landlords need to ensure they provide value-for-money options, streamline operations, and reduce costs as best they can."

"Policy relaxations are starting to take effect, with both first- and second-hand markets seeing increased demand. However, shortterm market activity remains focused on core areas and the high-end market."