After more than six months into the Covid-19 pandemic, it has become painfully clear that many industries have been severely affected by the outbreak.
Catalunya International Property Group Ltd local division sales director Brandon Sai told Property Advisor, “It is important to keep Malaysia’s property market relevant and interesting to foreign investors. Sai conceded that previous calamities such as the SARS pandemic, the 1998 Asian financial crisis and even the Nipah virus outbreak, negatively impacted the country’s economy.
“While the local consumer is having their ups and downs, foreign interest in Malaysian real estate has not been dampened,” said Sai. Sai noted however that the reintroduction of the Home Ownership Campaign and the exemption of Real Property Gains Tax has helped the property industry considerably.