Tey Yong Qing Explains COVID And Real Estate

 


The COVID pandemic has driven many to work from home. Businesses closed down, people lost their jobs. Most operate their business from home which has now become the norm. The real estate industry has changed too. Tey Yong Qing, a property manager, and real estate agent elaborates on the effect of COVID on real estate.

The steps to take to purchase a new home are different from before. This article brings to light the changes that have occurred in real estate due to COVID.

Tey Yong Qing Explains Effects of COVID on Real Estate

Housing Problem:

Housing became a huge concern for the government. Those who lost their jobs couldn’t afford to pay their mortgages or buy a new house.

Read Full Story Here…

Comments

Post a Comment

Popular posts from this blog

Malaysia Housing Market And Property Update

Image
  The pandemic in 2020 affected the property market in Malaysia greatly in such a way that real estate investors have to consider very well before buying property. According to Tey Yong Qing after the Malaysian government implemented total lockdown as a means to curb the spread of the Covid19 virus. Things become difficult for many real estate agents. Many of the property developers had to suspend constructions during the lockdown period, all of which contributed to Malaysia having very low property transactions that year in comparison to previous years. Property Malaysia showed recovery in 2021 when the lockdown was lifted and the economy reopened.    What Should Be Expected In The Malaysia Housing Market Towards the end of 2021 there was little improvement in the property market and the Home Ownership Campaign program is part of what contributed to the improvement. This program was discontinued in December 2021 but if the government can extend the program to the secon...
Read more

Tey Yong Qing Talks About Rising Property Prices

Image
  Now is the time for investors and homebuyers to start buying the property because property prices are expected to rise this coming year. The increasing costs of building materials in most building categories are mainly what will contribute to the rise in property prices as this will have to affect the selling prices of property. When there is an increase in costs of construction or material it will always affect the selling price. The developer will have to include the cost one way or the other to respect buyers or consumers. What Is The Implication of This In The Market? Both the  p rimary and secondary markets will have to react when there are any changes in demand or the value of a property. This implies that we should anticipate a gradual increase in the prices of property with the rising costs of construction or material. Based on the data from the department of statistics Malaysia as of October 2021, the building material cost index with or without steel bars had incre...
Read more

Tey Yong Qing - How The Pandemic Continue To Fuel Commercial Real Estate Growth

Image
  During the pandemic there were sectors of commercial real estate that hit an all-time high with steady activity, says Tey Yong Qing . Retail spaces for pharmacies and grocery stores, warehouses for companies or businesses that are into e-commerce, and self-storage facilities are sectors that have remained active. What then should we expect in the commercial real estate market as an investor planning to invest in the real estate market.   The Commercial Real Estate Is Expected To Continue Growing The demand for commercial spaces like warehouses increased rapidly during the pandemic due to the increase in sales in e-commerce at that time. This year e-commerce will be expected to continue to fuel the demand for commercial spaces. Even before the pandemic many have been purchasing goods online due to the comfort it provides and the time it saves. But because of the stay-home orders and the fear of contracting the virus during the pandemic online shopping became more dominant. A...
Read more