Juwai IQI Monthly Newsletter – Real Estate Market January 2021

This year was a roller coaster ride — from the global pandemic and its accompanying economic crisis.

The after-effects are expected to be shallow this year as the economy makes a come back – Malaysia has expected to record a gross domestic product growth of 5.1 per cent this year compared with an estimated contraction of 5.4 per cent in 2020.

However, the third wave of COVID-19 which has caused a spike in cases will continue to be a downside factor especially in terms of the reopening of the borders – such as plans by Singapore and Hong Kong to open their travel bubble have been suspended due to this

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Source: IQI Global