Latest news for: rehda

MBAM, REHDA to ensure COVID-19 safety measures at worksites

“Although there are teething problems, but we are confident that should everyone play their part, we will be able to face the challenges head on to minimise any adverse impact,” MBAM President Foo Chek Lee and REHDA President Dato Soam Heng Choon said in a joint statement.

Will the housing market crash?

Getting out of the downturn this time around could be more difficult as it involves a major public health issue that is the Covid-19 pandemic, which has, together with other economic issues, impacted the economy not just in the country but globally.  Estimations on economic recovery range from months to years, and similarly, the property market would possibly enter into a down cycle before recovering.

Take slight pay cuts, property sector workers urged

Rehda president Soam Heng Choon said he feared that the next nine to 12 months would be tough for the industry and employers might have to resort to asking their employees to accept “slight” reductions in wages.

Rehda calls for COVID-19 force majeure exemption bill

“Rehda is of the opinion that the enactment of such a bill (force majeure exemption bill or a COVID-19 (Temporary Measures) Bill) will be beneficial not only to purchasers, developers, financiers and other property industry players, but also those in other industries that form Malaysia’s economic ecosystem.”

Housing prices to fall?

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.