Daily Industry News Update (12 March 2022)

High Vacancy Rates In Property Market Worrying, Says Yamani

The high vacancy rates and low rental returns experienced within the property market continues to plaque property owners. Deputy Finance Minister Yamani Hafez Musa said this was worrying despite the recent recovery of the property market.

Robust Changes To Real Estate Practice Needed

Findings from the recently-concluded Malaysian Real Estate Convention (Marec) 2022 reveal that robust changes to the current real estate laws are needed to facilitate the profession’s