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

Real Estate and Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon: We need to give them some time to build up the stock and balance the demand and supply to see the price normalised. We are not too concerned about this

President Datuk Soam Heng Choon: We went into a lockdown from June 2021 to the end of August/September, and sales activities could only started opening up in September and October -- they can see that 2H2021 is almost a washout

President Soam Heng Choon: Rehda is in support of the policy, but when the supply of this housing category has exceeded demand, or they are not favoured or taken up in certain locations, the policy should be reviewed to suit the current needs

FIABCI Malaysian Chapter president Datuk Seri Koe Peng Kang: We do not understand why the government doesn’t want to talk to us. The new terms were announced briefly with very little details, which has already created a crisis of confidence.

The latest donation has brought REHDA’s total contribution to RM1.25 million since the Covid-19 outbreak in 2020.

We now have a Guidance Note on “Improving Indoor Air Quality and Ventilation in Buildings amid the Covid-19 Pandemic and Beyond”

REHDA and Master Builders Association Malaysia (MBAM) are in talks with the government to refine the SOPs.

REHDA president Datuk Soam Heng Choon: This current challenging time affects all Malaysians in a myriad of ways, especially hospitals and healthcare personnel standing at the forefront of this pandemic, and the donation is the least the association can do to help the frontliners weather this turbulent storm

Muhyiddin announced a six-month blanket loan moratorium under the PEMULIH initiative to be given to all individual borrowers equally.