Daily Industry News Update (31 July 2021)

INDUSTRY NEWS (31 JULY 2021)

Limited impact from lockdown

While the ongoing Full Movement Control Order (MCO) which started on June 1, 2021 is expected to negatively impact Kuala Lumpur’s prime residential property market, Knight Frank Malaysia’s executive director of Research & Consultancy Judy Ong believes the impact

Penang property market remained active in first half of 2021

The Penang property market remained active despite the ongoing Covid-19 pandemic and weak consumer sentiment, coupled with the poor global economic outlook. The residential sub-sector continued to dominate the property market with an increasing number of

Building up towards economic recovery

All construction work in the country ground to a halt when the movement control order (MCO) was first implemented in March last year. As a result, in the following months, the construction sector recorded estimated losses of RMllbil per month from unpaid wages,

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