Shoppers are seen near the Pavilion shopping mall on the third day of Hari Raya Aidilfitri May 26, 2020. — Picture by Ahmad Zamzahuri
RHB Asset Management Sdn Bhd head of Malaysia equity research Petrina Chong said channel checks and visits to malls showed a pick-up in footfall, especially in quality malls with strong market positioning. Chong said city-centre malls are likely to see lower footfall compared to suburban flagship malls due to the lack of tourist arrivals.
Office buildings, she said, would not be immediately impacted by the Covid-19 pandemic despite investors anticipating 2020 to be a challenging year.
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