The rental market’s long, slow road to recovery | The Malaysian Insight

The rental market’s long, slow road to recovery

Malaysia, News

13/1/2022 2:06:00 AM

The rental market’s long, slow road to recovery

Industry sees light at the end of the tunnel but relying on steady economic revival.

Copy URLThe property sector in Kuala Lumpur has been hardest hit by the pandemic, compared to other regions, with prices sliding by almost 6% on pre-pandemic values. – The Malaysian Insight file pic, January 13, 2022.ALTHOUGH the economy is showing signs of recovery after a Covid-19 battering, the same cannot be said about the property rental market, industry experts said.

The impact of the two-year long pandemic on rental of residential property is still being felt, Malaysian Institute of Estate Agents (MIEA) president Chan Ai Cheng said.

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× Copy URL The property sector in Kuala Lumpur has been hardest hit by the pandemic, compared to other regions, with prices sliding by almost 6% on pre-pandemic values. – The Malaysian Insight file pic, January 13, 2022. ALTHOUGH the economy is showing signs of recovery after a Covid-19 battering, the same cannot be said about the property rental market, industry experts said. The impact of the two-year long pandemic on rental of residential property is still being felt, Malaysian Institute of Estate Agents (MIEA) president Chan Ai Cheng said. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!