Growth in user visits outperformed the growth in rental property listings in H1 2021, which was a contrast to H1 2020, it said.
"Indeed, many landlords are absorbing some of the income shocks and are pricing down their rental units as they compete to attract a limited pool of financially stable tenants,” he said during the iProperty.com.my conference on H1 2021 portal demand analytics today. He said the high vaccination rate announced would serve as a great confidence booster for the property market.
"In particular, some notable business and residential hubs in Kuala Lumpur and Penang have experienced double-digit y-o-y demand growth. "With certain demographic groups facing financial constraints, some landlords will continue to face challenges finding tenants for their properties,” it said.In 2020, the pandemic supported a tenant’s market, putting renters in a good position to negotiate rental prices.
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