PETALING JAYA: The state of the current property sector, which has been affected by the Covid-19 crisis, could see a rising number of homes hammered out in the auction market.
PPC International managing director Datuk Siders Sittampalam said the Malaysian economy, which has been affected by the pandemic, will have an impact on people’s income levels.“Those that have loans to pay will be affected, ” he told StarBiz.
Knight Frank Malaysia managing director Sarkunan Subramaniam recently said that as buyers and sellers have become more vigilant amid the Covid-19 outbreak, a wait-and-see approach is prevalent as people will try to avoid showrooms and sales galleries during this critical period.