In recent years, Malaysia’s property market has been resistant in terms of price. It was reported that over the last 30 years, house prices declined between 1998 and 1999 due to the impacts of the 1997 Asian financial crisis. Then in 2001, the property market in the country entered into a recovery phase. A few years later the mid-cycle dip took place during 2007 to 2009 because of the subprime mortgage crisis.

The coronavirus crisis has severely affected numerous sectors, from aviation, and tourism, to oil and gas even property. The World Bank noted in its recent ‘Global Economic Prospects’ report that the pandemic has caused the broadest collapse of the global economy since 1870.

Will the end of Chinese involvement in ASEAN’s online gambling sector see a spiral in property prices?A stark example of this is playing out in Cambodia, where there have been reports of the property bubble bursting in Sihanoukville – a beach town now known for its casinos – after Prime Minister Hun Sen announced that the country would stop issuing online gambling permits on 18 August.In the Philippines, though, President Rodrigo Duterte has remained steadfast in his support for online gambli