PROPERTY investors should exercise adequate due diligence for their purchases so as to mitigate the risks posed by the Covid-19 pandemic, said Jones Lang Wootton ED Prem Kumar.
The Covid-19 outbreak has accelerated the impact of structural issues which are already being faced by the property market, he added.
“As such, it is not just a matter of managing short-term market uncertainties, and it should be kept in mind that other non-real estate factors have a bearing on the market as well,” he said in a statement by PropertyGuru Malaysia yesterday.
“Property investors need to be wary of relying on traditional investor instincts which may not necessarily provide adequate credence in terms of decision-making in the current unprecedented environment of the property market.”
