News by M

“Economy is bad now, some owners are worried about cash flow, hence they are adjusting selling prices. We have seen such sellers in the market now.”

To discuss these issues, EdgeProp.my organized a LIVE Fireside Chat which took place today at 2pm on EdgeProp’s Malaysia Facebook Page titled Undervalued Properties: Opportunities or a Risk touched on the secrets to buying undervalued properties, what’s out there in the market and how you can make informed decisions on your purchase.

“The Covid-19 pandemic has impacted every economic sector, this has opened up good investment opportunities as owners are looking to cash out to conserve cash for their business.”

This means that the red zones have expanded further in the Klang Valley, where there are now 11 health districts with more than 40 confirmed Covid-19 positive cases.

Knight Frank Malaysia executive director of capital markets James Buckley: This does not mean the death of the office, but we could see a shift in the working model where it becomes more a place for connection, socialisation, creativity and innovation.

For example, if there is a burst water tank, how can the strata dwellers cope during the MCO period without water?

The air-conditioning and lights in your “home office” are always switched on now as you try to get it as cool and as bright as your normal office but then you are constantly reminded that the one paying the electricity bill is, YOU.

Getting out of the downturn this time around could be more difficult as it involves a major public health issue that is the Covid-19 pandemic, which has, together with other economic issues, impacted the economy not just in the country but globally.  Estimations on economic recovery range from months to years, and similarly, the property market would possibly enter into a down cycle before recovering.

While the Malaysian Medical Association (MMA) has called for the relaxation of the MCO, the Academy of Medicine of Malaysia (AMM) said the measures should be extended until Hari Raya Aidilfitri at end-May or even beyond that.

In a statement, the new non-profit research and analysis unit under the Asian Heritage Museum Group said the development of a vaccine is out of Malaysia’s control and hence, the nation can only hope for the best.