In a note today, HLIB analyst Andrew Lim Ken-Wern said that as the outbreak takes its toll on the broader economy, 2020 may record a dip in property transaction volume if developers do not maintain sufficient discounts to entice buyers.
Country View said the financing will be secured, among others, against an Open All Monies Facilities Agreement to be entered into between CVR and AmBank Islamic and CVR’s commercial and affordable residential properties in Pulai, Johor.
"In view of the fact that Parliament has decided on the SOP to allow the May 18 sitting to proceed, and given that many activities are now allowed to commence with conditions, there is no reason for Parliament not to sit for more than the one day that was announced," the leaders of Pakatan Harapan, Parti Pribumi Bersatu Malaysia (Bersatu) and Parti Warisan Sabah (Warisan) said in a joint statement.
MOH also announced 71 recoveries today, bringing the total so far to 4,484, representing 70.6% of overall cases.
"Given that BNM has already cut 50bps since the start of the year, a 50bps cut in May would be appropriate, in our view, in balancing between the need to extend monetary policy support and stability in monetary policy decisions."
Some states, particularly Selangor, Negeri Sembilan, Kedah, Sabah, Sarawak and Penang, have imposed certain conditions before deciding on allowing businesses to resume operations today.
Of the 105 new infections, 63 cases are in Selangor, 14 are in Kuala Lumpur and one is in Johor.
Cinemas, karaoke centres, theme parks, museums, and busking are not allowed to operate
Social activities like outdoor sports which do not involve body contact and group gatherings are allowed, such as badminton, golf, cycling and jogging in small groups of under 10 persons are allowed.
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.
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