According to Tey Yong Qing after the Malaysian government implemented total lockdown as a means to curb the spread of the Covid19 virus.
Things become difficult for many real estate agents.
Many of the property developers had to suspend constructions during the lockdown period, all of which contributed to Malaysia having very low property transactions that year in comparison to previous years.
Property Malaysia showed recovery in 2021 when the lockdown was lifted and the economy reopened.