The year 2020 is bowing out, and no one, not even in his or her wildest dreams, could have imagined what a trying, painful and anguish-filled year it would be.
Save for a very small handful of industries spared in the global economy hit by the Covid-19 pandemic, things that had been taken for granted disappeared overnight.
Describe 2020 in one word. Why?
Lessons you have learned in 2020
Where were you this time last year? Where do you wish to be now?
Where do you wish to be this time next year?
Your wish for 2021
Clearly, 2020 has been a year of unlearning and relearning for everyone, both in and outside homes the world over.
Closer to home, business and leisure travel, hospitality, trade show, F&B and entertainment sectors were brought to an abrupt halt. Others have struggled and continued to struggle to stay afloat.
The Malaysian gross domestic product dived 17.1% in 2Q this year, from a flat growth of 0.7% in 1Q. The decline slowed to 2.7% in 3Q as the market started adapting to the new normal coupled with the easing of the Movement Control Order (MCO).
For the property market, challenging is the word. Property transaction volume for 1H2020 shrank 27.9% year-on-year (y-o-y) to 115,476, while transaction value dipped by 31.5% to RM46.94 billion, according to the data by the National Property Information Centre (NAPIC).
In 3Q this year, transaction volume has managed to grow by 7.4% y-o-y to 89,245 units of properties worth RM33.78 billion, a slight drop in value of 2.4% y-o-y.
Whether the recovery can be sustained is anyone’s guess.
As we close the chapter on this dreadful 2020, we asked judges of the EdgeProp Malaysia’s Best Managed & Sustainable Property Awards, developers, property consultants and realtors, architects and auctioneers on:
• Their one-word description of 2020
• Key learning this year
• Where they were this time last year
• Where they hope to be this time next year
• Their wish for 2021
Thank you for the overwhelming response to our poll!
The who’s who of the 26 respondents comprising judges of the EdgeProp Malaysia’s Best Managed
& Sustainable Property Awards, developers, property consultants and realtors, architects and auctioneers.
Datuk Lee Tian Hock
Founder and group executive deputy chairman, Matrix Concepts Holdings Bhd
Datuk Joseph Lau Group
CEO, ParkCity Group
Datuk Chang Khim Wah
President and CEO, Eco World Development Group
Beh Chun Chong
CEO, Paramount Property Development
Ngan Chee Meng
CEO, Gamuda Land
Judges of the EdgeProp Malaysia’s Best Managed
and Sustainable Property Awards
Dr Lim Lan Yuan
President, Singapore Association of Property and Facility Managers
Dr Suhardi Maulan
President, Institute of Landscape Architects Malaysia (ILAM)
Adzman Shah Mohd Ariffin
President, Malaysian Institute of Property and Facility Managers (MIPFM)
Anthony Lee Tee
Accredited building inspector and trainer, Architect Centre Sdn Bhd
Founder and managing partner, Chur Associates
Property realtors and consultants
Foo Gee Jen
Managing director, CBRE | WTW Group
Country head, JLL Property Services (M) Sdn Bhd
Chief operating officer, Reapfield Properties
CEO and managing director, Zerin Properties
Managing director, Knight Frank Malaysia
Executive director, KGV International Property Consultants
Tang Chee Meng
Chief operating officer, Henry Butcher Real Estate Sdn Bhd
Maxxan Tee Kiat Siong
Managing director, Maxxan Realty Sdn Bhd
Managing director, Nawawi Tie Leung Real Estate Consultants Sdn Bhd
Co-founder, Kith and Kin Realty Sdn Bhd
Datuk Ezumi Harzani Ismail
President, Malaysian Institute of Architects (PAM)
Dr Tan Loke Mun
Architect and director, Archicentre and DTLM Design Group
Executive director, AuctionGuru.com.my
Executive director, Property Auction House Sdn Bhd
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