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Property demand down as prices rise in Q4 2022

KUALA LUMPUR: PropertyGuru Malaysia’s Sale Demand Index dropped 14.8 per cent in the fourth quarter (Q4) 2022, reflecting how potential buyers may still be facing affordability issues or a lack of confidence towards the current property prices on the market. PropertyGuru Malaysia said its Malaysian Property Market Report (MPMR) Q1 2023 revealed that rising inflation […]

PropertyGuru launches VR feature on platform

KUALA LUMPUR: PropertyGuru Group has introduced a virtual reality (VR) feature, known as the ‘StoryTeller’ on its sales enablement platform, PropertyGuru FastKey (FastKey) today. The ‘StoryTeller’ provides a fully digitised 360-degree interactive virtual tour which allows prospective buyers to remotely view a project, its units as well as the surrounding cityscape. “The feature will enable everyone to discover, explore and experience […]

PropertyGuru launches initiatives to help those affected by the pandemic

KUALA LUMPUR: PropertyGuru has launched the #LendASpace and #NeedASpace initiatives to match owners with unused spaces to those affected by Covid-19 and in need of accommodation. PropertyGuru said these initiatives are part of its #LoveHome effort, dedicated to providing a raft of relief and support measures targeting at frontliners, tourists, international workers and anyone struggling with loss of income following the movement control order (MCO). “Individuals or companies who […]

Property sector not directly impacted by coronavirus

KUALA LUMPUR: The residential property sector is not expected to be as badly impacted as tourism or foreign direct investments by the prolonged Covid-19 outbreak, says PropertyGuru. Even though Malaysia may see a decline in foreign purchasers such as from Hong Kong and China and a delay in projects throughout the supply chain following the Covid-19 outbreak, Malaysia’s property […]