Weekly Industry News

iProperty: MCO didn’t dampen buying interest

Weekly Industry News

The implementation of the movement control order (MCO) from March 16 to contain the Covid-19 pandemic did not dampen interest in property as prospective seekers increased to 45% from 44% prior to the containment measures, according to a survey by iProperty.com.my.

Of the 44%, it found that that 28% of them stopped actively looking after the MCO was announced, with over a third of them citing that they are waiting for prices to drop or are still open to good property deals.

The survey highlighted that the top two factors property seekers take into account in online listings are the validation of the property’s valuation (pricing trends for similar properties) and listing content which gives a very clear understanding of the property’s space and layout.

Media Title: The Sun

Date: 15 Jul 2020

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