RMCO Extended! What Now?
Last night, the Happy Trio reunited for their fourth live property talk at Riverson’s coworking space and cafe, City Lounge. The session covered current hot topics on the Malaysian real estate market and even featured two political candidates.
They started off with a few news announcements to kick off the night. Have you heard of the following headlines?
- “Economic momentum seen on the uptrend”
- “Vacancy Tax on Back Burner”
- “Sabah Government Announces Quit Rent Relief and Land Tenure Restoration”
- “Shafie Launches New 4000-Unit Affordable Housing Project in KK City”
- “KK Hotel Occupancy at 70% during August Long Weekend”
If not, you might want to get updated and watch the full video here.
The topic of the night was to explore the possible outcomes of the extended Recovery Movement Control Order and how it could affect the real estate industry. Viewer comments were shared as well as the Happy Trio’s points on the impact of local tourism and spending.
“Now that our passports are considered useless, I have visited places within Sabah that I would have never visited before RMCO!” said Caroline Yong, Hap Seng Sales and Marketing Director. She also noted now that investing abroad is made more difficult and sending children abroad is also less likely, investment in local real estate could be more likely.
The Happy Trio did not always agree however and had some opposing opinions such as whether the land title restoration from 99 years to 999 years would increase the value of a property.
Find out what their disagreements were by watching the full video.