Tuesday, 27 Oct 2020 04:44 PM MYT
It said home ownership interest has surged, but employment and income loss following the Covid-19 outbreak are hindering buyers from making property purchases. “As such, economic drivers to foster job creation and income growth, along with digitalisation and property technology incentives to enhance awareness of available initiatives and opportunities, are key priorities for the property market as Malaysians recover and rebuild from the pandemic,” Fernandez said.
“On another note, developer concerns regarding compliance costs, if addressed, would promote ease of doing business, and a review of foreign ownership guidelines may address overhang concerns to some extent, but this is unlikely to be popular with Malaysian house seekers,” he said.
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