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JPPH: Property market to remain resilient | Malay Mail

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KUALA LUMPUR, April 29 — The Malaysian property market is expected to remain resilient despite the economic headwinds this year due to COVID-19, with affordable housing and finding the right solutions to the property overhang continuing to be the main agenda of the government. Valuation...

The reports indicate that the property market recorded a marginal improvement. — Picture by Yusof Mat Isa

“As Bank Negara Malaysia expects the Malaysian economy to rebound in 2021, in tandem with projected global recovery, the property market is anticipated to move in similar trajectory. It said the globally-affected outbreak is expected to take its toll on the world economies and the Malaysian economy, in particular tourism-related sectors such as airlines, retail, food and beverage and hospitality; as well as the manufacturing and selected services sectors.

The other reports launched by JPPH today include Property Stock Report 2019, Property Market Status Report 2019, Malaysian House Price Index 2019, Commercial Space Availability Report 2019, Purpose-Built Office Rental Index Klang Valley, Johor Bahru & George Town 2019, Residential Prices Quarterly/ Yearly Update 2019, RM10 Million Transaction Property Deals Volume 16 and Estate Land Sales Report Volume 26.

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