Posted on : 03 Feb 2021
The COVID-19 pandemic has raged through Malaysia and the rest of the world has hurt many sectors of business. In Malaysia, people have turned to the real estate industry as they seek jobs in an industry that is viable and sustainable, even in hard times. Among the new entrants into real estate here in Malaysia are those who have left the tourism industry.
An article featured on FMT highlighted that the real estate market is still moving and maintains some activity even during this tough time due to measures taken by the banks and the government.
The six-month moratorium on monthly bank loan repayments and the initiative taken by banks to help property owners restructure and refinance their loans has helped the property industry. Banks are also allowing commercial property owners to extend their installment periods to lower their monthly payments. Private and commercial property owners are allowed to pay just the interest on their loans for a year. The additional targeted moratorium for those without jobs and those whose salaries have been cut further reduced instances of mortgages not being paid.
Therefore, a career in real estate is always viable as sales, purchase, and rental transactions will still need to carry on because people still need a roof over their heads.
You can easily join the industry by becoming either a Real Estate Negotiator (REN) or a Registered Estate Agent (REA).
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