This will help reduce losses of property sellers who are facing a demand from buyers to reduce prices in light of the economic downturn and the impact of the current Covid-19 pandemic, said MIEA.
The inspiring light spectacles are achieved by turning on the lights at selected rooms and floors in the hotels after sundown.
Sunway Group said it has been in close contact with the MOH and UMMC to help decant their COVID-19 cases so that government facilities can focus on managing confirmed COVID-19 cases.
Tropicana said it will help ease the tenants’ financial burden amidst the COVID-19 outbreak so that they can, in turn, assist their employees.
MIPFM president Adzman Shah Mohd Ariffin: Most property management businesses are in the SME category and are operating at competitive fees with slim margins, and some are already facing delayed payments from clients.
SCM Property Services Sdn Bhd general manager Paul Richard: We do understand that this is ‘unprecedented’ and that there is a lot of key learning that we can gather from this crisis. Hence, we look forward to a proper statutory law and standard operating procedures to be introduced and implemented in order to manage crisis situations in future.
"This is a major issue. Property management is not considered an essential service although it ensures all services such as cleaning, security, lift maintenance and utilities supply are not interrupted in buildings."