“The real estate world has been turned topsy-turvy by the Covid-19 pandemic. The conventional methods of analysis and thinking may no longer be completely relevant. Investors have to adopt new ways of thinking and understanding the market,” he says.
Siva notes that hotspots seem to be closely associated with transport. Hence, transport-oriented developments are fetching better values in general.
“Suburbs in the immediate outskirts of the city are still in high demand, although they may be out of reach financially for the average Malaysian. Affordability is the biggest factor in buying a residential property. Location comes a close second. Design, look and feel also play an important role [while the other factors are] the track record of the developer as well as facilities and the availability of amenities, infrastructure and so on,” he says.