Malaysian Association of Hotels (MAH) CEO Yap Lip Seng: 15% of hotels in the country are expected to close permanently while another 35% will close temporarily indicating an immediate reduction of up to 50% in inventory.
"Our business has already been under tremendous challenge from digital disruption over the past few years."
JPPH: Completions of new serviced apartment/SOHO units have increased substantially by 63.2% to 17,893 units (2018: 10,963 units) in 2019.
Selangor recorded the highest number of new launches in the country last year, capturing nearly 17% (9,970 units) of the total launches nationwide.
JPPH: The market saw a higher number of transactions in the RM500,000 to RM1 million price bracket. Condominium and apartment units continued to propel the residential market, contributing 47% of total transactions in KL.
JPPH noted that the property market's performance last year was boosted by various incentives by the government
The MCO has spurred many to embrace cooking, even those with little experience are dabbling in the kitchen as they face no prospects of eating out. Some have seen their cooking skills soar, while many crashed and burned.
They began their travels on Oct 4, 2019 and had planned to return to their home in Arkhangelsk, Russia on March 22 after visiting Thailand, Laos, Vietnam, China and Malaysia.
Sold for: RM2,000,000 (RM654.24 psf based on land area); Concluded by: Joseph Tin (REN 31981) (019-265 6602) of Tech Realtors Properties Sdn Bhd; When: December 2019
In an interview with Reuters in the Oval Office, Trump talked tough on China and said he was looking at different options in terms of consequences for Beijing over the virus. “I can do a lot,” he said.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
