The Edge Malaysia |
THE Malaysian property market — which declined sharply last year in both volume and value of transactions, owing to the Covid-19 pandemic — saw a gradual recovery in 2021, with a higher number of transactions recorded.
The number of deals in industrial, agricultural, commercial and development land improved from 2020, with land-banking activities and interest in industrial assets taking centre stage.
“With the high degree of vaccination and the opening up of the economy, we saw a gradual recovery in terms of positive growth in sales, owing to pent-up demand and a shift in space requirements brought about by the pandemic,” Laurelcap Sdn Bhd executive director Stanley Toh tells The Edge.
