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.
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.
Malaysia Shopping Malls Association (PPK): This is a very delicate proposal as it is a call for the government to introduce a law to intervene in, essentially, a private contract between two contracting parties. Any intervention must be based on equity and be 'win-win' to BOTH the contracting parties.
The ABM said its member banks will communicate with impacted customers on the exact procedures they will need to follow to take up the moratorium as well as the instalment payment options available to them once the six-month moratorium is over.
The Edge Media Group publisher and group chief executive officer (CEO) Datuk Ho Kay Tat: We must show our healthcare workers that while we can’t be there with them, they are not alone
Abdul Aziz Abdul Rasheed, 44, served as the head of engineering in AXIS REIT Managers Bhd for four years from May 2013 to February 2017.
CMMT chief executive officer (CEO) Low Peck Chen said the mandated closure of non-essential businesses during the MCO had dealt a blow to shopping mall tenants involved in non-essential services.
Of the 57 new cases, 25 were imported cases, while the remainder 32 were local transmissions, said Health director-general Datuk Dr Noor Hisham Abdullah in a statement.
The overhang situation in the serviced apartment / SOHO sub-segment in Penang saw marked improvement last year, with only 69 overhang units worth RM91.31 million recorded in 2019 compared with 141 units worth RM119.61 million in 2019.
Certain states that saw significant new supply have caused high-end serviced apartment owners to cut asking prices.
The state’s primary residential market also saw the launch of 9,711 units, up by 4.5% as compared to 9,294 units recorded in 2018.