Supply of serviced apartments being reduced amid overhang
The 2019 Property Market Report stated that unsold and not constructed serviced apartments have been reduced to 7,659 units in 2019 from 12,864 units in 2018.
Developers continue push for HOC extension
To provide a much needed boost to the property sector in light of the current downturn amid the Covid-19 pandemic.
Efficient Bumiputera units release can help reduce property overhang
Rehda vice-president and Selangor Branch chairman Zulkifly Garib: For properties, location is a matter of choice. For example, there are places where the Bumiputeras will not choose to live and also places where non-Bumiputeras will not go to. It is tricky to find a balance.
Promote Malaysia before promoting projects, developers told
Real Estate and Housing Developers' Association (Rehda) president Datuk Soam Heng Choon: Interested developers could form a loose coalition with ministries such as the Ministry of Tourism, Arts and Culture Malaysia and Ministry of Housing and Local Government, as well as perhaps Rehda in coming up with promotional efforts.
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Concerns over property overhang should not stop new developments
Rehda Malaysia president Datuk Soam Heng Choon: If you freeze new launches, it won't help the situation. The overhang units will remain overhang units.
Conditional MCO: Health experts fear third wave of infections
Azrul Mohd Khalib, the executive director of the Galen Centre for Health and Social Policy: This could result in Malaysia lurching from this MCO to another one a few months later.
Daycare centres allowed to operate but must ensure social distancing
The NSC said that the centres “must ensure best practices in terms of social distancing and place one-metre markers on the floor, especially in dining and sleeping areas”. All centre staff must also wear masks, supply hand sanitisers and anyone entering the area must have their temperatures recorded. Anyone with a temperature of 37.5 degrees celsius and above will not be allowed to enter.
Tom Hanks, wife Rita Wilson to donate blood, plasma for Covid-19 vaccine research
Hanks jokingly suggested that vaccine should be called “Hank-ccine”.
PJ Old Town market: Four new Covid-19 cases detected
The four who tested positive for the infection are a food trader, two fishmongers and a Petaling Jaya City Council cleaner.
Residential overhang up 10% if serviced apartments are included
Defined as units that have received their Certificate of Completion and Compliance but remained unsold for more than nine months after launch, the high number of overhang units has dampened the property sector in Malaysia in recent years.
