OBSERVATIONS OF NAPIC’S PROPERTY MARKET REPORT 2022, PG2 PLUS
Klang Valley’s New Launches Contracted in 2022 pg6 The UK's Independent School of the Year Now in Asia (advertorial) pg8 A Good Start to 2023 pg10 Recent Trends in the Fintech Sector in Malaysia & Singapore pg12 APRIL - JUNE 2023
For 2023, the property market is expected to be stable but the pace of growth could likely decelerate from a fox trot to a slow walk. which were unconventional and did not depend on physical interaction with customers flourished.
KDN PP18893/11/2015(034373)
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ost people will remember the past three years for the roller coaster ride of emotions that they went through and for the many uncertain and panicky moments when the world battled through a pandemic which wreaked havoc on the health systems of all countries, resulting in people being forced to stay at and work from home, many deaths, untold miseries, closures of businesses and loss of jobs although certain businesses
Fast forward to 2023 and the world has largely returned to normal with people continuing with their normal way of life, going out and eating out, shopping in malls, socialising and attending mass gatherings and events and without the strict protocols which controlled the better part of our lives during the pandemic. Although masks are still widely worn in this part of the world, many have stopped the practice even at mass gatherings and cinema halls. Even China, which has isolated itself from the rest of the world for the past three years and adhered to a strict zero-Covid policy, has now relaxed its grip and reopened its economy in January this year with its citizens being allowed
to move around freely and its borders open to international travellers. Countries whose tourism industry depended heavily on tourists from China in the past, now await with both a sense of welcome relief as well as trepidation as the surge in tourists from China will bring not only much awaited earnings but potentially a new wave of infections. Governments all over the world are readying themselves for this possibility and some countries have implemented mandatory Covid tests upon arrival for travellers coming in from China whilst some are still at a loss as to how to handle the situation in a way that their own citizens’ health is protected but at the same time, not in any way eliciting an angry tit-for-tat response from China. As we have now entered the year of the water rabbit, we hope the country will be able to put the