1 MIN READJuwai IQI: COVID-19 pandemic effect not as bad as anticipated

The effects of the COVID-19 pandemic have not been as harmful as anticipated, according to the findings of a survey by the real estate technology group, Juwai IQI.


The survey, which involved hundreds of consumers, revealed that Malaysians did quite well compared to many other nations, said group co-founder and chief executive officer Kashif Ansari.


He noted that just over one year into the pandemic, 28 per cent of respondents reported that their household income is now higher than 12 months ago. In contrast, 40 per cent reported lower income, and 10 per cent of Malaysians reported that their income is now ‘a lot higher’ than one year earlier.


Kashif added that the best-off states are Penang and Sabah, with 29 per cent of respondents in each state reporting higher household incomes.


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