"Our business has already been under tremendous challenge from digital disruption over the past few years."

JPPH: Completions of new serviced apartment/SOHO units have increased substantially by 63.2% to 17,893 units (2018: 10,963 units) in 2019.

Selangor recorded the highest number of new launches in the country last year, capturing nearly 17% (9,970 units) of the total launches nationwide.

JPPH: The market saw a higher number of transactions in the RM500,000 to RM1 million price bracket. Condominium and apartment units continued to propel the residential market, contributing 47% of total transactions in KL.

JPPH noted that the property market's performance last year was boosted by various incentives by the government

According to the Valuation and Property Services Department (JPPH), majority of the property segments have seen market improvements in transaction volume with the commercial segment recording the highest y-o-y growth of 7.2%, followed by residential (6%), industrial (3.8%) and agricultural (2%). However, development land transactions dropped 1.2%.

PAM president Lillian Tay: I believe that everyone should share the burden as no one should expect to take ‘benefit’ from the crisis

Rehda Institute chairman and president of the Malaysian REIT Managers Association Datuk Jeffrey Ng: Leave the headache to professional REIT managers as they know what they are doing.

At the EdgeProp.my Facebook Live Fireside Chat on April 17 titled “Will the Malaysian Property Sector Survive this Mother of All Crises?”, three industry veterans provided some clarity on what property buyers and investors should expect as they discussed the current pains plaguing the industry.

Rehda president Datuk Soam Heng Choon: Now if the ‘medicine’ is too strong, it is perhaps time to take it away