Can I look for a property to buy during the Conditional Movement Control Order (MCO)?
Yes, you can. You are still free to contact property developers for a new launch project and property agents for a sub-sale property. You can contact the property developer or property agent through iProperty.com.my if you need to enquire or need property advice.
It was recently announced that the CMCO will be extended until 9 June 2020. However, companies are allowed to reopen and resume operations – some developers have reopened their sales galleries in lieu of the new announcement. Do practise caution and adhere to the developer’s SOPs when visiting sales galleries.
In the meantime, read up on property buying guides and tips here.
Can I look for a property to rent during the Conditional Movement Control Order (CMCO)?
Yes, you can. You can browse and research properties for rental on our website and contact the relevant property agents. In light of the CMCO, companies are allowed to resume activities 0 this would include real estate agents. However, you will have to check with your agent if you are allowed to view a rental unit during the CMCO – most strata developments still do not allow the entry of outside visitors (only food/delivery personnel is currently permitted). There might be fewer restrictions with landed properties.
If you are not able to visit a rental unit for viewing during the CMCO, you can still request for the necessary images and videos from your agent! For more renting tips, check out this article.
Can I put my property up for sale during the Conditional Movement Control Order (CMCO)?
If you are selling a property for the first time, read this first! We would recommend you to employ a real estate agent to list the property for you and to manage and screen potential buyers. Start searching for a property agent that will suit your property type and area here.
Is there any help provided to homebuyers and investors during the COVID-19 pandemic?
Yes, the government announced a 6-month loan deferment package for all individual and SME borrowers on 25 March 2020. For more information, read this.
EPF members can now also withdraw up to RM500 from their Account 2 for a period of 12 months, beginning May 2020. Find out how to apply for the i-Lestari withdrawal programme here.
Where can I learn more about government initiatives and the property market during this period?
For the latest government and industry updates, follow this thread here. Meanwhile, for knowledge on property financing, check out our finance guides here.
I am interested to capitalize on the current lower interest rates for home loans. How can I start my property search journey?
First, make sure to read up on how lower interest rates could benefit you and how to select the best home loan product here. Next, make sure to calculate your home loan eligibility using our home loan eligibility indicator before you begin browsing for your dream home.
I would love some tips and ideas for work productivity and home improvement during the MCO. Where do I go?
We have various articles on home solutions/hacks here and more on interior design here. Stay home and stay productive with us:)
What happens if tenants are unable to pay rent during the MCO period/Covid-19 outbreak? What can landlords do?
The tenant and landlord’s rights largely depend on how the legal tenancy agreement is written – provided that it has been signed by both parties and duly stamped by LHDN. Read our guide on what the tenant’s rights are and what are the available alternatives for landlords here.
What is the impact of Covid-19 on the property market? How will it affect homebuyers and developers?
Admittedly, the virus outbreak is amplifying existing issues in the housing market – Market sentiment will be low in the near to medium term. For a more in-depth analysis, read this article.
Is now the right time to invest in property? Should I invest in a property during the Covid-19 outbreak period?
For investors, trying to predict what will happen this year or next year requires the use of assumptions, which always carries a degree of risk – you could be right or you could be wrong. The trick is to improve the odds of you being right, find out more here.
As with any investment, there will be some degree of risk involved, regardless of timing and circumstance. It is advisable for investors to make their decisions based on their individual investment goals and financial health. For more insight into property investment during this challenging period, read this.