Covid-19: More hotels up for sale

KUALA LUMPUR (July 31): Covid-19  and the numerous movement control restrictions imposed since March last year have no doubt badly impacted the hospitality industry and forced many owners to put up their hotels for sale.

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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 will not be significant.

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