Covid-19 Resource Hub

One of the consequences of Covid-19 is that companies now realise having their employees work from home is a viable option. The public perception is that this 'new norm' will have have an impact on demand for office space globally going forward.

The retail sector in Malaysia has been affected by the Movement Control Order (MCO), which was imposed on March 18 to contain the spread of Covid-19.

According to our Director of Research & Consultancy, Amy Wong, relaxation measures recently introduced by the government will help jumpstart the local market as "the home ownership campaign (HOC), stamp duty exemptions, lifting of the 70% loan margin for third house ownership and real property gains tax (RPGT) exemption for up to three houses for Malaysian citizens will definitely encourage genuine property buyers.”

Foot traffic to malls is improving as Malaysians view malls as a natural destination, despite being below pre-Movement Control Order level.

According to our Head of Retail Services, Murli Menon, "the challenge of facing competitive online platforms had already been building up over the years," and the pandemic has only accelerated what was bound to take place. 

As the government-imposed Movement Control Order had brought construction site and project works to a standstill, time extensions for new mall completions are to be expected.  

According to our Managing Director, Datuk Paul Khong, the return of National Home Ownership Campaign (HOC) will incentivise investors to re-enter the property market.  

With the easing of lockdown, many speculate that there will be many people rushing to make purchases that were delayed by social distancing rules.  

The Global Pandemic outbreak of the Novel Coronavirus (COVID-19) has impacted global financial markets with restrictions being implemented by many countries around the world. How will this affect Malaysia and its economy?

With the pandemic changing the face of F&B business in Malaysia, restaurants will now have to reach out to customers via various channels including food delivery and takeaways. 

Not a week has gone by without reports of a temporary, or worse, a permanent closure of hotels since the MCO was announced on the 18th of March this year. 

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.

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. 

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. 

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.