Developers continue push for HOC extension
To provide a much needed boost to the property sector in light of the current downturn amid the Covid-19 pandemic.
To provide a much needed boost to the property sector in light of the current downturn amid the Covid-19 pandemic.
Rehda vice-president and Selangor Branch chairman Zulkifly Garib: For properties, location is a matter of choice. For example, there are places where the Bumiputeras will not choose to live and also places where non-Bumiputeras will not go to. It is tricky to find a balance.
Real Estate and Housing Developers' Association (Rehda) president Datuk Soam Heng Choon: Interested developers could form a loose coalition with ministries such as the Ministry of Tourism, Arts and Culture Malaysia and Ministry of Housing and Local Government, as well as perhaps Rehda in coming up with promotional efforts.
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.
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.
The ABM said its member banks will communicate with impacted customers on the exact procedures they will need to follow to take up the moratorium as well as the instalment payment options available to them once the six-month moratorium is over.
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Abdul Aziz Abdul Rasheed, 44, served as the head of engineering in AXIS REIT Managers Bhd for four years from May 2013 to February 2017.
CMMT chief executive officer (CEO) Low Peck Chen said the mandated closure of non-essential businesses during the MCO had dealt a blow to shopping mall tenants involved in non-essential services.
Of the 57 new cases, 25 were imported cases, while the remainder 32 were local transmissions, said Health director-general Datuk Dr Noor Hisham Abdullah in a statement.