News by CHIN WAI LUN

Acting group CEO Datuk Wan Hashimi Albakri will resume his position as chief operating officer - township development. 

“This time around, will the property sector survive the mother of all crises?"

Sold for: RM510,000 (RM927.27 psf); Concluded by: Meifen Low (REN 06451) (012-6530714) of One World Real Estate; When: January 2020

The developer has also rolled out its Setia Food Aid for its foreign workers that are affected by the ongoing COVID-19 outbreak.

"For instance, there are pipe leakages and other maintenance issues that require urgent repairs. The issue here is, most contractors are not operating during the MCO. Hence, property managers face difficulties to tackle such issues."

To date, S P Setia Foundation has delivered a ventilator, patient monitor system and syringe pumps to Hospital Selayang, Selangor. Over 4,300 units of N95 face masks were procured and given to the Hospital Kuala Lumpur and 50 units of aerosol boxes, a protective device when intubating patients, were distributed to various hospitals across Peninsular Malaysia.

"Property prices will eventually go up. Historically, on the average, a property's value will sort of double over 10 years. It's not an overnight thing. Besides, if they were to wait, they may let a good opportunity pass them by."

The ministry has outlined the following ways the bazaars will be held this year, which is expected to begin on April 23, amid the Covid-19 outbreak:

During such unprecedented times, many in the food business in particular are quickly taking the delivery route for the first time.

Knight Frank Malaysia managing director Sarkunan Subramaniam said the Singapore government has announced property tax rebates of up to 100% for non-residential properties for the tax payable this year while in Jiangsu province, China, the local government has introduced exemption of property tax and urban land use tax for industries severely affected by the epidemic in the first half of 2020.