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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.
Conditional MCO: Health experts fear third wave of infections
Azrul Mohd Khalib, the executive director of the Galen Centre for Health and Social Policy: This could result in Malaysia lurching from this MCO to another one a few months later.
Daycare centres allowed to operate but must ensure social distancing
The NSC said that the centres “must ensure best practices in terms of social distancing and place one-metre markers on the floor, especially in dining and sleeping areas”. All centre staff must also wear masks, supply hand sanitisers and anyone entering the area must have their temperatures recorded. Anyone with a temperature of 37.5 degrees celsius and above will not be allowed to enter.
Tom Hanks, wife Rita Wilson to donate blood, plasma for Covid-19 vaccine research
Hanks jokingly suggested that vaccine should be called “Hank-ccine”.
PJ Old Town market: Four new Covid-19 cases detected
The four who tested positive for the infection are a food trader, two fishmongers and a Petaling Jaya City Council cleaner.
Residential overhang up 10% if serviced apartments are included
Defined as units that have received their Certificate of Completion and Compliance but remained unsold for more than nine months after launch, the high number of overhang units has dampened the property sector in Malaysia in recent years.
Hilton KL offers employees retention programme and retrenchment
In Ipoh, Syeun Hotel announced to its 155 staff in a notice that it will cease operations on May 31.
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PPK Malaysia: Covid-19 Act must protect both tenants and landlords
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.
Thanking our frontliners: FT buildings and roads to be lit up in blue
This is in appreciation of the efforts and sacrifice made by frontliners, both in the public and private sectors, in battling the Covid-19 disease in Malaysia. “The people are also encouraged to light up their houses in blue lights but this is not a requirement,” said Federal Territory Minister Tan Sri Annuar Musa.
Penang reduced serviced apartment overhang by 50% in 2019
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.
