News by Chelsey Poh

"... on first impression when walking into a premise, the quality of the management can be observed."

“Economy is bad now, some owners are worried about cash flow, hence they are adjusting selling prices. We have seen such sellers in the market now.”

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.

MAH CEO Yap Lip Seng: Hotels participating as quarantine centres have agreed to the rate partially as CSR serving the government’s needs

Gamuda Land: All employees are encouraged to closely monitor their health and seek medical attention if they develop flu-like symptoms. The management is also monitoring its employees through a mandatory daily online survey to track employees’ and their family’s or housemate’s health.

A voluntary group made up of residents has shared tips such as ways to avoid using door handles in common areas complete with a video demonstrating how that can be done -- by using the foot to pull the door open after using his access card.

MIPEAC wants the government to consider waiving the RPGT in 2020. 

Placing priority on mental and physical well-being has helped him build his wealth.

MIPFM president Adzman Shah: All companies which are involved in property and facility management services, be it security, cleaning, building services maintenance, operating the management office will be facing difficulty as clients will attempt to reduce operating cost by limiting the headcount onsite, but the companies still have to pay salary and this is a fixed cost to the companies. Most are also labour intensive

Malaysian Hotel Association said that apart from those who have been laid off, 9,773 staff are on unpaid leave and another 5,054 had suffered pay cuts