TRANSACTIONS in the secondary property market have stagnated as house buyers and investors are more focused on leveraging the benefits of the government-backed Home Ownership Campaign (HOC) offered only in the primary market.
Malaysian Institute of Estate Agents (MIEA) president-elect Chan Ai Cheng said the secondary market was severely affected by the Movement Control Order (MCO) as physical property viewing, which is a must for sub-sale homes, was made logistically complicated for buyers.
“Property tour is a must in order to allow potential buyers to see the upkeep, interiors and renovations made to the property on offer, among other factors.
