On May 31, 2021, the Ministry of Finance announced a seven-month extension for the HOC to Dec 31, 2021 under the government initiatives – PEMERKASA+ Stimulus Package

The central bank said eligible borrowers who wish to apply for the programme can approach their banks starting from Nov 15, 2021 to Jan 31, 2022

The general occupancy rate for purpose-built office and shopping complex segments stood at 78.5% and 76.6%, respectively.

The bill, which seeks to increase the expenditure of the Covid-19 fund to RM110 billion from RM65 billion previously, was tabled for first reading in September.

The additional money was also meant for wage subsidies and projects under the 12MP.

Chong said the government may incentivise other areas related to solar energy, such as battery storage technology.

Executive director, Lee Heng Guie: Policymakers must figure out how to fix a shattered economy, rebuild from the damage of the pandemic to become more resilient and to safeguard it against the next catastrophe

LBS also hoped for the government to lowering down the cost of construction by reduction in compliance cost

Its associate director for South and Southeast Asia financial institutions ratings, Nancy Duan, said the credit rating agency does not expect any material exposure from Malaysian banks to Evergrande

“We hope the government will provide additional catalysts to the industry and incentives for home buyers by introducing more property friendly measures in the upcoming Budget 2022. We also hope that the country’s borders will open up soon, with suitable guidelines to enable cross border economic activities to resume, emulating other countries which have successfully re-opened for foreigners," said Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum.