Weekly Industry News

Property investors told not to rely only on traditional instincts in current times

Weekly Industry News

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.”

Media Title: The Malaysian Reserve

Date: 08 Jul 2020

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