{"id":8813,"date":"2020-07-22T16:17:50","date_gmt":"2020-07-22T09:17:50","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=8813"},"modified":"2021-06-04T15:05:26","modified_gmt":"2021-06-04T08:05:26","slug":"social-distancing-measures-incite-home-ownership-aspirations-among-young-home-seekers","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/social-distancing-measures-incite-home-ownership-aspirations-among-young-home-seekers\/","title":{"rendered":"Social distancing measures incite home ownership aspirations among young Malaysians"},"content":{"rendered":"<p><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SpellingErrorV2 SCXW183780685 BCX0\">PropertyGuru<\/span><\/span><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183780685 BCX0\">\u00a0Malaysia\u00a0<\/span><\/span><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183780685 BCX0\">says that the<\/span><\/span><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183780685 BCX0\">y<\/span><\/span><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183780685 BCX0\">\u00a0are<\/span><\/span><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183780685 BCX0\">\u00a0the<\/span><\/span><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183780685 BCX0\">\u00a0<\/span><\/span><span class=\"TextRun SCXW183780685 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW183780685 BCX0\">&#8220;least likely to delay their property purchasing decisions\u201d<\/span><\/span><span class=\"EOP SCXW183780685 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_8814\" aria-describedby=\"caption-attachment-8814\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-8814\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/07\/shutterstock_1654593784.jpg\" alt=\"\" width=\"1000\" height=\"751\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/07\/shutterstock_1654593784.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/07\/shutterstock_1654593784.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/07\/shutterstock_1654593784.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/07\/shutterstock_1654593784.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/07\/shutterstock_1654593784.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-8814\" class=\"wp-caption-text\">Sunrise over PNB tower in Kuala Lumpur, Malaysia. KelvinShutter\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">According to the\u00a0<\/span><a href=\"https:\/\/www.propertyguru.com.my\/property-guides\/malaysia-consumer-sentiment-study-h2-2020-29425\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span data-contrast=\"none\">Malaysia Consumer Sentiment Study H2 2020<\/span><\/i><\/a><i><span data-contrast=\"auto\">\u00a0<\/span><\/i><span data-contrast=\"auto\">by\u00a0<\/span><span data-contrast=\"auto\">PropertyGuru<\/span><span data-contrast=\"auto\">,\u00a0<\/span><span data-contrast=\"auto\">younger home seekers and investors are looking into owning a property as\u00a0<\/span><span data-contrast=\"auto\">the\u00a0<\/span><span data-contrast=\"auto\">government introduces the recovery stage\u00a0<\/span><span data-contrast=\"auto\">o<\/span><span data-contrast=\"auto\">f the 6-Phase Plan\u00a0<\/span><span data-contrast=\"auto\">to control the outbreak<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Even though the Proper<\/span><span data-contrast=\"auto\">t<\/span><span data-contrast=\"auto\">y Sentiment Index fell from 42 points in the first half of 2020 to 39 in the second half<\/span><span data-contrast=\"auto\">,\u00a0<\/span><span data-contrast=\"auto\">the leading\u00a0<\/span><span data-contrast=\"auto\">proptech<\/span><span data-contrast=\"auto\"> company in Asia reported that the <\/span><span data-contrast=\"auto\">young renters aged\u00a0<\/span><span data-contrast=\"auto\">22 to 29 years old\u00a0<\/span><span data-contrast=\"auto\">are least likely to postpone any property purchasing decisions.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cWe\u2019ve seen a lot of market uncertainty in the wake of COVID-19 and the resulting Movement Control Orders (MCOs) in Malaysia, with numerous viewpoints, models and strategies from industry players trying to make sense of the pandemic and its impact on property,\u201d said the country manager at <\/span><span data-contrast=\"auto\">PropertyGuru<\/span><span data-contrast=\"auto\">\u00a0Malaysia Sheldon Fernandez.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/malaysian-government-predicts-full-economic-recovery-by-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\"><b>More: Malaysian government predicts full economic recovery by 2021<\/b><\/a><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><span data-contrast=\"auto\">\u201cLooking purely at consumer sentiment, however, some patterns are clear. One of these is that extended, enforced time at home has perhaps made renters and younger home seekers more appreciative of the benefits of owning their own property. Another is that investors are on the lookout for purchases, though these demographics differ in their approach to purchase timing,\u201d he added.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">T<\/span><span data-contrast=\"auto\">he survey also uncovered that 51 percent of renters and 47 percent of participants aged 22 to 29 years old revealed that they are not going to delay any property<\/span><span data-contrast=\"auto\">\u00a0transactions because of the pandemic. In comparison, only 23 percent of participants aged 60 and above agreed<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile<\/span><span data-contrast=\"auto\">,\u00a0<\/span><span data-contrast=\"auto\">the study also found that participants from lower-income backgrounds are less likely to postpone their purchases, which demonstrates a continuous demand for affordable housing despite uncertainties with the econ<\/span><span data-contrast=\"auto\">omy.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><span data-contrast=\"auto\">To view the in-depth report, visit\u00a0<\/span><a href=\"https:\/\/www.propertyguru.com.my\/property-guides\/malaysia-consumer-sentiment-study-h2-2020-29425\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">propertyguru.com.my\/property-guides\/malaysia-consumer-sentiment-study-h2-2020-29425<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PropertyGuru Malaysia says that they are the &#8220;least likely to delay their property purchasing decisions\u201d<\/p>\n","protected":false},"author":9,"featured_media":20662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[578,125,115,891],"class_list":["post-8813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-home-ownership","tag-malaysia","tag-property-investment","tag-young-investors","news_country-malaysia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Social distancing measures incite home ownership aspirations among young Malaysians | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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