Home Property Impact Of Covid-19 On Property Investment

Impact Of Covid-19 On Property Investment

Our ongoing battle with the Covid-19 pandemic has lasted much longer than expected. Unfortunately though, no one knows when this battle will end.

The struggle is real – and the Covid-19 fatigue is starting to affect the lives of many. The strain for survival is being felt in all economic sectors, one of it in particular being the property market.

A significant reflection of this is the levelling down of the rental rate for residential properties, especially in expatriate preferred locations.

This is attributed to a much smaller number of relocations to Malaysia and expatriates moving back to their home country in view of travel restrictions. These considerations have driven down the cyclical demands by at least 10% to 20% and have greatly impacted the rental revenue of these mid to high end properties.

You must log in to read the rest of this article. Please log in or register as a user.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

1Balcony Hosts FaceBook Online Session On covid-19

Leveraging on the social media plat-form during the extended lock-down, 1Balcony held a special on-line session with three doctors to ex-pound on Covid-19 in...

Tun Dr. Mahathir Presents The Anugerah Perdana At The 6th Aca Championship Malaysia – Grand Finale

The Adobe Certified Associate (ACA) Championship Malaysia 2021 introduced a new additional award - the “Anugerah Perdana”, in which Tun Dr. Mahathir selected his...

Tropicana Supports ‘Program Vaksin Selangor’

In its aim to flatten the Covid-19 curve, Tropicana Corporation Berhad rendered support to the government’s efforts to ensure the success of the National...

Sheng Tai International Ventures Into RM38.7 Bil Nitrile Glove Industry & Leverages On Social Media During Lockdown

Local developer pushes ahead aggressively, leveraging on the social media platform while undertaking 110 production lines from KenTeam’s GloveHub in Melaka.In its ongoing aim...

Banking On Bespoke Wellness

By Yvonne Yoong In “The New Normal”, the best currency to have is optimal health, hence the rise of preventive and regenerative therapies as offered...