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Lockdown over. Property market to recover. Positive growth in 2022. Can believe?

hot property market

Lockdown over. Property market to recover. Positive growth in 2022. Can believe?

For any predictions about the property market, we leave it to those research houses with a lot more analysts to crunch numbers. When they publish their findings, we will read and then share. As for whether it will come true or not, it’s up to individuals lah. If we believe and agree, then take appropriate actions. If we disagree and does not believe, then do take appropriate actions too.

Building wealth or even preserving wealth really depends on us and not anyone else.

Article in theedgemarkets.com Rahim & Co International Sdn Bhd CEO Siva Shanker says that with the positive sentiment due to theeconomyreopening, the 4Q 2021 property market will have a flat or small growth.

He said, “There was a slight pick-up in 1H2021 before the full Movement Control Order was imposed and we anticipate the market picking up next year.”

“It is a confluence of the pandemic and other factors such as political instability. Nonetheless, the overall sentiment appears to have improved and is more positive given the accelerated vaccination rollout and how the nation has adjusted to the new normal.”

He said, “The volume (property transactions) went up by 21%, whereas the value increased by 32%. Nonetheless, the three-month lockdown [from June to August] impacted the market significantly and caused it to dip. [The positive gains of] 2H2021 will neutralise [the losses of] 1H2021.” The report is a long one. Do read it here: Article in theedgemarkets.com

What I know from the ground

I have gone to a few malls after the restrictions have been lifted. The car parks are definitely more occupied even if it’s not back to the normal times. Some may point out this is because people are now used to shopping online. Let me point out that there are MANY countries where the online shopping is more advanced than Malaysia. Their mall scene remains a positive one and I have not heard of ALL MALLS being closed down in these more advanced markets thus far. If you have, please do let me know yeah.

I have travelled to a few places after the inter-state restrictions were lifted. The mood is generally good even if everyone continues to wear mask and I think this augurs well for the market and even the property market. The hotels are not yet fully booked like typical holiday seasons of 2019 but hey they are open… People are going… Popular restaurants are full again even if they can only have half of all the tables for customers.

I have been to just two sales galleries thus far. Both were full of cars and in fact, many potential buyers were seated at the table speaking to the sales consultant about their interest. Even if not all would translate to sales, thus tells us that property market is definitely moving too.

What I know from advanced markets with Covid-19 treated as endemic

Football stadiums are full of people. Look at the English Premier League matches please.

Famous holiday places are full of people. Maybe not overflowing yet and that’s common yeah. It’s just starting.

Retail sales are inching upwards. Yes, some say this is revenge buying but frankly, if people have salaries and they have the opportunity to spend, they will spend lah. Just going back to normal.

Property prices are moving upwards because of sudden surge in demand and property supply cannot suddenly appear overnight. It takes time to plan, build and then handover…

Happy knowing all these things which are already happening and they are not something so ‘special’ when it starts happening in Malaysia. kopiandproperty.com is not part of any property developer or real estate firms and we also do not have any property listings for sale too. Happy reading and sharing.

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Next suggested article: You like to sell your property? Here are some good reasons to do so

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

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