Weekly Industry News

Young renters, investors eye property post-Covid-19

Weekly Industry News

First-time home seekers and investors are prioritizing property as Malaysia enters the recovery stage in the government’s six-phase plan against the Covid-19 pandemic, according to PropertyGuru in its Malaysia Consumer Sentiment Study H2’20 report.

While the national Property Sentiment Index fell from 42 index points in H1’20 to 39 in H2’20, young renters aged 22 to 29 are least likely to delay their property purchasing decisions. This is coupled with greater intent to purchase by investors, who are more likely to time their purchases according to price and market movements.

Media Title: The Sun

Date: 08 Jul 2020

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