MIPFM president Adzman Shah Mohd Ariffin: Most property management businesses are in the SME category and are operating at competitive fees with slim margins, and some are already facing delayed payments from clients.
Property developers may have a slight buffer from unbilled sales to cushion the near term impact of the MCO but those with high gearing and bad credit record are in a precarious situation, said RHB Research Institute senior analyst Loong Kok Wen.
The Movement Control Order imposed by the government to stem the spread of the COVID-19 which began on March 18 until April 14 (extended from the initial date of March 31) will see many sectors including the property sector struggling because of limited business activities.
Rented for: RM11,000 per month (RM2.60 psf); Concluded by: Joanne Soh (REN 13124, 012-297 6506) of CBD Properties Sdn Bhd; When: November 2019
Unlike some retail-based REITs which are giving free rent to tenants of Pavilion REIT malls operating non-essential services during the MCO (at least until March 31, before the MCO period was extended to April 14), non-retail REITS will probably not follow suit, said an industry source.
However, other than showing mild symptoms of the disease, he “remains in good health".
New Zealand Prime Minister Jacinda Ardern: Make no mistake, this will get worse before it gets better.
The menu consists of simple and wholesome vegetarian fare, such as rice, daal and vegetable dishes, which are prepared by a team of over 60 volunteers.
Inspector-General of Police Tan Sri Abdul Hamid Bador said in the report that despite him previously saying that police would still take a soft approach, those flouting the order will face action.
Are property developers leveraging on digital technology during the current Movement Control Order (MCO) in Malaysia?
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