Expert: Malaysia may not hit worse-case property market scenario post Covid-19 | Malay Mail

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KUALA LUMPUR, April 14 ― Malaysia may not end up with the worst-case scenario for the property market post-Covid-19, given its much healthier state of financial fundamentals today. PropertyGuru Malaysia country manager Sheldon Fernandez said moreover, measures were already in place to manage the...

Tuesday, 14 Apr 2020 12:19 PM MYT

PropertyGuru Malaysia country manager Sheldon Fernandez said moreover, measures were already in place to manage the industry's decline even before the Covid-19 outbreak. “This was seen in our PropertyGuru Malaysia Consumer Sentiment Study for the first half of 2020, which saw Malaysia’s Property Sentiment Index dropping two points from 44 points in H1 2019 to 42 points at the start of this year.

Aside from pent-up demand re-expressing itself once market conditions improve, this tendency may also be due to investors restructuring their portfolios to manage risks and prioritise undervalued properties. “The review of loan-to-value ratio caps, in particular, may be effective, as traffic data on the PropertyGuru Malaysia portal showed the most queries for apartments, high-rises and condominiums, with price ranges from RM900,000 to RM2,000,000 in March and April to date.

 

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