FOR eons, properties have been an investment of choice. It still is. But the convolution of economic, financial and health issues, coupled with inherent setbacks within the sector and the lack of clear leadership direction have added pressure on the sector.
Nonetheless, senior fellow at The Institute for Democracy and Economic Affairs Carmelo Ferlito says a property represents “a safe harbour” for many.
Giving a quick review of the sector, Ferlito, who is also the director at Centre for Market Education says the broad property market is experiencing contrasting tensions as a result of the movement control order (MCO), which was imposed on March 18 to fight the Covid-19 pandemic.
...