The average house price in KL for the year 2000 was RM245,249 and RM708,812 in 1Q2021, with a 5.6% average annual change over the 20 years. The most significant yearly change is in 2012, with a 17.48% increase. There were continuous declines in the pattern of price growth for 2018, 2019 and 2020 with -4.53%, -12.76% and -4.13%, respectively.
As the pandemic forces people to stay home and retail outlets shutter, consumers have shifted the way they spend and at the same time, driving retailers to adopt an innovative approach to keep their businesses afloat.
With tourism being the third largest contributor to Malaysia’s gross domestic product, the impact of the virus has been far-reaching and continued to ripple throughout the economy as more and more hotels can’t help but shutter
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