News by EdgeProp.my

The report said this comes after Prime Minister Muhyiddin Yassin said selected sectors would be opened in stages and operate according to a standard operating procedure.

"Property prices will eventually go up. Historically, on the average, a property's value will sort of double over 10 years. It's not an overnight thing. Besides, if they were to wait, they may let a good opportunity pass them by."

"... on first impression when walking into a premise, the quality of the management can be observed."

“If you want to buy a property and are waiting for the best time, the best time to buy is now. If you keep waiting for the market to touch the bottom, you may just miss the right home for you.”

“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.”

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.

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.