The housing and property industry needs to address three key challenges — sustainability, innovation and technology — in the recovery of the industry and the economy in the post-pandemic era, said KSI Strategic Institute for Asia Pacific president Tan Sri Michael Yeoh in his welcome remarks at the 2021 Malaysian Housing and Property Summit titled “Resetting and Rebuilding the Housing and Property Industry in the New Normal” on July 27.
He noted that there is a need for the industry to chart a course to get the economy moving again.
This collaboration is essential … and the property and housing industry can take the lead in building the economy.”“For sustainability, we need to ensure that we are able to remain sustainable, as sustainability is important for the housing and property industry.
This is because, during the economic crisis, not only is the housing market going through adjustment, other markets are also doing the same, particularly the labour market and the financial sector.
This is what we call turning a crisis into opportunity.”Saeed noted the changes that the property industry has gone through in the past 20 months as it tried to strike a balance between pandemic and economy.