Press statement: Impact on Covid19 to Malaysia Property Market

Covid19- Impact on Property Market

‘Adapting to New Normal’

Kuala Lumpur, 13 April – The property market will not be exempted from a pandemic of this magnitude. However, real properties will remain standing. Although ownership may change hands and some may fall vacant. The effects would be more evident in the second-half, we expect a challenging time ahead.

But challenges can also create opportunities. Technology in property can pick up some momentum going forward – concepts such as Smart Building, Smart Home, Industrialised Building System (IBS) and many others may provide alternative solutions in the new marketplace.