Property market recovery expected to take place in H2 2021, says PropertyGuru

Sheldon Fernandez, Country Manager, PropertyGuru Malaysia

The PropertyGuru Malaysia Consumer Sentiment Study H2 2020 revealed that 81 percent of Malaysian first-time home seekers are eager to purchase a home by the end of 2021. 

All stakeholders in the property industry are adapting to the new environment, and the Asia Virtual Property Expo by PropertyGuru is an example of it. 

PropertyGuru will leverage its regional presence to showcase over 300 projects from across 10 countries including Singapore, Malaysia, Indonesia, Thailand, Vietnam, Cambodia, Philippines, Myanmar, Australia, and the United Kingdom under one virtual roof.

“Clients and developers are also adapting to digitalise their business, and it is anticipated for developers to continue this automated process. At the moment we have the FastKey platform that automates the full project sales cycle from launch to close of sales,” said Sheldon Fernandez, the Country Manager of PropertygGuru Malaysia.

According to Fernandez, the property industry has bounced back to pre-Covid levels with not much decline or increase in sales. “Despite the impact of Covid-19 and CMCO, the property industry remains a neutral outlook. Market recovery is expected to take place in the latter half of the year with more investment activities,” he added.

In regards to the month-long expo that will start on November 11, the website comprises dedicated rooms with a 360° view of properties for specific countries, a guide section, 7th Asia Property Awards: Malaysia, 40 webinars, and many more.

These will allow homebuyers and investors to experience local and international properties and connect with property developers in real-time from the comfort of their homes.

Attendees also stand a chance to win weekly lucky draw prizes, including an iPhone12, Samsung Galaxy Note 20, Samsung 43” 4K Smart TV, Brompton Bicycle, and the all-new Sony PlayStation 5. Furthermore, PropertyGuru will be giving away GrabFood vouchers totalling up to RM50,000 for the first 2000 project enquiry forms filled.

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