Property buying: It's all about the price post-MCO
Many wise people have said that there are always opportunities in a crisis. Indeed, many residential property investors and homebuyers in Malaysia believe so as a recent survey found that there are potential property buyers out there looking for a good ‘catch’ in the current down market which has worsened due to the Covid-19 pandemic.
The survey on the ‘Behavioral pattern of residential property investors post MCO’ by KGV International Property Consultants also found that contrary to popular belief, potential homebuyers and investors are not panicking over the possible impact of the Covid-19 outbreak and the ensuing Movement Control Order (MCO) and conditional MCO.
“It was surprising to see that most potential buyers are not overly pessimistic despite the severe pandemic and the slew of other consequential economic shocks such as oil price crash and extremely volatile stock market,” the consultancy’s executive director Samuel Tan told EdgeProp.my.
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