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This is the second survey carried out by Juwai IQI. The “Residential Property Index – Malaysia” tracks the evolution of industry expectations for prices, rentals, and market activity trend and is based on a survey of 342 Malaysian real estate agents. While the survey was underway, between 7 February and 18 March 2020, the coronavirus outbreak went from a mild concern in Malaysia to a more serious one. These survey results reveal the changing state of mind in the market at precisely this period.
Note: On 18 March 2020, the Malaysian government imposed a Movement Control Order (MCO) after the country saw a spike in the increase of COVID-19 cases. Under the MCO, Malaysians will be barred from leaving the country and restrictions placed on the entry of all tourists and foreign visitors into Malaysia. The MCO which was initially to last for 14 days has now been extended until 14 April.
For more details of the survey, download it HERE.
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