A shift in residential property buyers’ preference seen after Covid-19 outbreak | The Edge Markets

A shift in residential property buyers’ preference seen after Covid-19 outbreak | The Edge Markets


KUALA LUMPUR (July 13): In its latest Real Estate Highlights for 1H2020, Knight Frank Malaysia predicts that the coronavirus pandemic may have brought about a shift in buyers’ preference in the residential property market.

“Subject to affordability, they may prefer landed properties/low-density developments with larger or more spacious layouts that come with extra room/study that can be converted into a home office as working from home may be a new normal moving forward,” the report said.

“For high-rise/high-density developments, a higher level of maintenance and management service is required, particularly in terms of hygiene and cleanliness with regular cleaning/sanitisation of common areas and facilities. Buyers may also prefer smart homes that come with high-speed internet (WiFi) and those that come with better ventilation and natural lighting,” it added.