With the recent change in government and the deadly outbreak of COVID-19, Malaysia is going through times of uncertainty. However, amid all this, there are still investment opportunities in the property market.

Prominent real estate advisor Savills pointed out that only bargain-hunting investors were left in the office market looking for deeply discounted assets (30% or more), with most end users holding back from making any purchase decisions due to worsening business prospects. 

The COVID-19 outbreak which began at the turn of the year has disrupted first Mainland China and now global supply chains, resulting in a dismal local trading performance.

With the Movement Control Order (MCO) in Malaysia extended for another two weeks to April 14, 2020 to curb the spread of the COVID-19 outbreak, property sales galleries will remain closed and construction works halted until then. 

According to our Managing Director, Datuk Paul Khong, housing prices in Malaysia are under pressure and Malaysian homebuyers could pick up some real bargains soon. 

The rapid spread of COVID-19 has caused significant damage to several industries worldwide, among which, tourism is likely to be one of the hardest hits.

Savills Asia Pacific has released a report on COVID 19, offering an analysis of the impacts the epidemic will have on global economics and the property market.