Assessing the Impact of Outbreaks on Malaysian Listed Property Companies in Mixed-Asset Portfolios

Razali, Muhammad Najib; Jalil, Rohaya Abdul; Shayuti, Ahmad Faisal

doi:10.2478/remav-2021-0024

Cited by 3 publications

(3 citation statements)

References 14 publications

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“…Only few studies have explored the impact of pandemic to property market. These including Razali et al (2021) and Lee et al (2000). The impact of COVID-19 also give significant impact to the Malaysian real estate market.…”

Section: Commercial Property Price In Malaysiamentioning

confidence: 99%

“…The impact of COVID-19 also give significant impact to the Malaysian real estate market. Research done by Razali et al (2021) have alarmed the government and all Malaysian property stakeholders on the performance of the country's listed real estate companies over the previous few decades that the impact of epidemics on property profile investments requires caution. The threat from breakouts appears to need to be taken into account in the government's financial strategic planning in the 21st century, while previously the contingency was only built up for financial crises.…”

Section: Commercial Property Price In Malaysiamentioning

confidence: 99%

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Commercial Real Estate Prices in Malaysia and Covid-19

Ahmad Shayuti,

Razal,

Ismail Kassim

et al. 2023

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The consequences of the coronavirus disease 2019 (COVID-19) pandemic on commercial real estate pricing are examined in this article, with a focus on the Malaysian market. It begins by pointing out certain cautions to keep in mind while using direct real estate indices. The authors then look at how commercial real estate prices changed during the epidemic, highlighting disparities between property kinds. This study uses data from both direct and listed real estate to achieve this goal and goes on to explore changes in the primary elements driving commercial real estate pricing. The essay then moves on to the expected future trajectory of commercial real estate values. Retail and hospitality assets, as well as, to a lesser extent, office buildings, were shown to be the most affected by the findings.

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Section: Commercial Property Price In Malaysiamentioning

confidence: 99%

Section: Commercial Property Price In Malaysiamentioning

confidence: 99%

Commercial Real Estate Prices in Malaysia and Covid-19

Ahmad Shayuti,

Razal,

Ismail Kassim

et al. 2023

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“…The model (B) in equation ( 2) was created to determine volatility (Razali, et al 2021) in the housing price index, the variables showing the volatility of the variables 1 in equation ( 1).…”

Section: Modelmentioning

confidence: 99%

Why Did Housing Prices Rise to a Record Level in Turkey? An Empirical Analysis

Yaşar,

Bulut

2023

Real Estate Management and Valuation

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Turkey is one of those countries where housing market has been most severely affected by COVID-19 pandemic. Today the effects of the outbreak have been eliminated significantly. This study retrospectively looks at the days when the world faced a widespread outbreak of a pandemic and investigates the effect of the pandemic and the changes in consumer confidence on housing prices and the volatility of housing prices. Considering the structural breaks in the analysis period (2010:q1-2022:q4 quarterly), we used the Lee and Strazicich structural break unit root test as a research method. The results show that an increase in costs due to a break in the supply chain and containment measures forcing the workforce to stay at home affected the housing supply adversely. It is observable that expansionary economic policies and social assistance programs have a positive effect on housing demand. In this regard, negative supply shock and positive demand pressure are seen to be the determinants of the recent housing price increases in Turkey. However, while there is a positive relationship between consumer confidence and house prices, the effect of house prices on the volatility is statistically insignificant.

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Covid-19 Impact to Retail, Hospitality, and Office Space in Malaysia

Isa,

Razali,

Azmi

et al. 2024

Real Estate Management and Valuation

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The COVID-19 pandemic has disrupted economies and industries worldwide, including the real estate sector. This study aims to assess the effects of the pandemic on commercial real estate prices in the Malaysian market. By examining variations in property types and considering key factors influencing pricing, the research contributes to a better understanding of the pandemic’s impact on the real estate market. To analyze the effects of the COVID-19 pandemic on commercial real estate prices, a mixed-method approach was employed. The study combines data from direct real estate indices, which provide insights into property prices based on transaction data, and listed real estate, which includes publicly traded real estate investment trusts (REITs). By utilizing both sources, a comprehensive analysis of the market is achieved. The sample for this study consists of commercial real estate properties in the Malaysian market. It includes properties from various sectors, such as retail, hospitality, and office buildings. The sample is representative of the overall market and captures the different property types affected by the pandemic. The analysis begins by comparing direct real estate indices to highlight the limitations and potential biases associated with using these indices. It then examines the variations in commercial real estate prices during the COVID-19 outbreak, focusing on the different property types. Statistical techniques, such as regression analysis and trend analysis, are employed to identify patterns and quantify the impact on commercial real estate prices. The study’s main findings reveal that the retail and hospitality sectors experienced the most significant impact on commercial real estate prices during the COVID-19 pandemic. These sectors witnessed a substantial decline in property values due to restrictions, lockdown measures, and reduced consumer demand. Office buildings, although moderately affected, also experienced some decline in prices. This research contributes to the existing literature on the effects of the COVID-19 pandemic on commercial real estate prices, specifically in the Malaysian market. By combining data from direct and listed real estate sources, the study provides a comprehensive understanding of the variations in property prices across different sectors. The findings offer valuable insights for real estate investors, policymakers, and industry professionals in adapting to the changing market conditions and making informed decisions regarding commercial real estate investments. In conclusion, this article sheds light on the effects of the COVID-19 pandemic on commercial real estate prices in the Malaysian market. The research methodology, which combines data from direct and listed real estate, allows for a comprehensive analysis of property variations among different sectors. The findings emphasize the significant impact on the retail and hospitality sectors, while showing office buildings to have been moderately affected. It also provides important insights for stakeholders in the real estate industry, enabling them to make informed decisions and develop appropriate strategies.

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Assessing the Impact of Outbreaks on Malaysian Listed Property Companies in Mixed-Asset Portfolios

Cited by 3 publications

References 14 publications

Commercial Real Estate Prices in Malaysia and Covid-19

Commercial Real Estate Prices in Malaysia and Covid-19

Why Did Housing Prices Rise to a Record Level in Turkey? An Empirical Analysis

Covid-19 Impact to Retail, Hospitality, and Office Space in Malaysia

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