News by Edgeprop.my

“We are going to put out the fires. We’re not going to close the country.”

“Even if motorists managed to sneak past the Selangor roadblocks, it does not mean they will have the same luck at roadblocks in other states.”

It was reported that EPF has approved withdrawals totalling RM1.66 billion by 3.5 million contributors under the i-Lestari initiative launched last month. However, is RM500 per month enough to help them pay for their shelter or even feed their families? Will such pittance be sufficient to resuscitate their failing businesses?

“It was surprising to see that most potential buyers are not overly pessimistic despite the severe pandemic and the slew of other consequential economic shocks such as oil price crash and extremely volatile stock market,” said KGV International Property Consultants executive director Samuel Tan.

For a start, no commercial buildings are designed to be shut down for months at a time. No one would have contemplated that this would happen, said Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee.

Chur Associates founder and managing partner Chris Tan: We are likely to have to live with Covid-19 for some time so a strong community with proper property management is probably the best.

“In fact, even before this [pandemic], we already had very strict SOPs on short-term rentals in buildings because we need to protect the safety of the other occupants in the building. But now, there needs to be social distancing, knowledge of who and where the guests are from and others,” said Low.

Chur Associates founder and managing partner Chris Tan: If you want the authority to exercise discretion, you have to be reasonable. If you are supposed to renew certificates within the MCO (Movement Control Order) period but you can’t do it, you need to show you had tried to do so and have the evidence to prove that for instance you contacted the authority via phone call, email or registered post.

Such fee waivers and discounts are not viable as any adjustments in fee collection or sinking funds will need the approval of property owners via an AGM or EGM

This comes after the Federal Court today refused to grant leave to an application to appeal against the COA's ruling in the Menara Rajawali case.