Shaken by the coronavirus outbreak, foreign buyers' interest in Malaysian properties, particularly purchases from China and Hong Kong, has almost disappeared, according to a report by The Malaysian Reserve (18 February 2020). Realtors said the slowdown of foreign demand for Malaysian properties could be temporary because it is too early to measure the full impact of the virus outbreak. According to Juwai IQI, Chinese buyers bought RMB8.4 (US$2 billion) worth of properties which is 12 percent of overall transaction value in 2018 and RM4.3 billion worth of new residential construction in Malaysia is already intended for foreigners, including Chinese and Hong Kong investors.
