The property market is taking a severe beating during the Covid-19 pandemic, with transactions coming to an abrupt halt due to the movement control order (MCO).
Despite this economic onslaught, it is a resilient industry where the more robust players will bounce back, industry experts said. They ruled out a crash in the housing market but said a price correction is on the cards.
“There are many uncertainties but based on past experiences, the property market will rebound,” accounting and professional services provider McMillan Woods president Datuk Seri Raymond Liew said.
