When pandemic COVID-19 hit home ground early this year that resulted in a nationwide Movement Control Order (MCO), an inevitable downfall in economy and businesses was on the rise.
But the overall property market stood strong and braced through the first quarter with a marginal increase in asking prices in Malaysia.
The MPMI saw the overall property market index showing a marginal improvement in the first quarter, increasing 0.63% from 88.90 in Q4 2019 to 89.46 in Q1 2020.
The increase in overall asking prices was improving gradually prior to the outbreak of COVID-19 and continued to tick upwards, clearly suggesting that Malaysian consumers are viewing property as a preferred fallback for preserving wealth in times of crisis.
Download the full PDF report here: PropertyGuru Malaysia Property Market Index Q2 2020
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