How are malls reacting to the coronavirus pandemic? How will they thrive in the new normal?

How are malls reacting to the coronavirus pandemic? How will they thrive in the new normal?

For the property industry, like most sectors which were considered non-essential, business came to almost a standstill during the full MCO period. If not for the Covid-19 outbreak, the 2019 market performance could have indicated a light at the end of the tunnel for a property market which has been in a slowdown since 2015/16.

Some of the notable developers in Bangi are IOI Group, Sunway Group, MKH Bhd, Mah Sing Group and UEM Sunrise Bhd.

In conjunction with this campaign, buyers can enjoy special deals such as a low booking fee of just RM388 via Shopee. To top off the deal, buyers will also be credited with up to RM8,000 worth of Shopee vouchers following successful execution of the Sale & Purchase Agreement. (Branded content)

Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng: Based on the current situation, we are estimating up to 30% closures over six months (from when the MCO began on March 18) either permanently or temporarily.

PAM president Lillian Tay: I believe that everyone should share the burden as no one should expect to take ‘benefit’ from the crisis

Rehda Institute chairman and president of the Malaysian REIT Managers Association Datuk Jeffrey Ng: Leave the headache to professional REIT managers as they know what they are doing.

At the EdgeProp.my Facebook Live Fireside Chat on April 17 titled “Will the Malaysian Property Sector Survive this Mother of All Crises?”, three industry veterans provided some clarity on what property buyers and investors should expect as they discussed the current pains plaguing the industry.

As a parent, your challenge would not be about overcoming the temptation to nap but getting your kids to nap so that you can get your work done!