Facing the challenges

Rahim & Co International Sdn Bhd real estate agency chief executive officer Siva Shanker (pic) says the local property market will recover. But with two lockdowns already so far this year, that recovery will just take a little longer than expected, he says.

IT’S BEEN a tough start to the year for the local property market, as the country continues to battle the Covid-19 pandemic.

In less than six months, the country has had to deal with two movement control orders (MCO), as daily infections and deaths continue to rise. Still, despite the challenges faced, property consultants are cautiously optimistic that the local property market will rise up to the occasion.