Thank God, alhamdulillah, the COVID-19 pandemic is over, WHO (World Health Organization) has said it is no longer a global health emergency. We are all aware that this pandemic has had a major impact on various sectors in the world. One of the most affected is the property business especially real estate/ residential sector.
The high operational costs of the property business were not in line with income, because the level of sales also fell. This condition certainly makes the property industry experienced a quite severe decline. Some economists said there will be a better possibility in property sector business after pandemic.
There are some impacts of the COVID-19 pandemic on residential investment: