The global economic volatility, trade war, Covid-19, struggling European market, tail-end risk in the US dollar and above all, the diminishing confidence level in advanced economy markets, are major concerns for many decision-makers in the emerging markets, Juwai IQI Global chief economist Shan Saeed told the New Straits Times (25 February 2020). This has impacted investors and affected the property market. “Global financial markets are uncertain due to exogenous factors, including geopolitical, undiversifiable and currency risks, causing investors to retreat from the marketplace. This is not helping to restore confidence in the global economy. If there are changes at the state level, it could affect the property sector. On construction, we may see a delay in the rollout of some large projects and highway deals," said Shan.