Real estate remains the focus of buyers

The local property market remained the focus of buyers during the implementation of the Movement Control Order (MCO) for the second time in the country.

PropertyGuru Malaysia country manager Sheldon Fernandez said although 75% of construction in Malaysia was affected last year, the property market in the country still has appeal among buyers through virtual platforms.

“The extended period of the MCO also saw the rise in popularity of virtual tours as one of the primary tools for sellers and buyers, with one in three Malaysians expressing intent to continue with property purchases this year,” he said in a virtual media roundtable session by PropertyGuru Asia Property Awards Malaysia 2021.

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