PAM president Lillian Tay: I believe that everyone should share the burden as no one should expect to take ‘benefit’ from the crisis

Rehda Institute chairman and president of the Malaysian REIT Managers Association Datuk Jeffrey Ng: Leave the headache to professional REIT managers as they know what they are doing.

At the EdgeProp.my Facebook Live Fireside Chat on April 17 titled “Will the Malaysian Property Sector Survive this Mother of All Crises?”, three industry veterans provided some clarity on what property buyers and investors should expect as they discussed the current pains plaguing the industry.

Rehda president Datuk Soam Heng Choon: Now if the ‘medicine’ is too strong, it is perhaps time to take it away

“If I could only have one wish from the government, it would be to declare a tax-free year for 2020. This will have a great impact on the macro economy as it will boost market liquidity and create a great multiplier effect,” said MKH Bhd managing director and 1Malaysia People's Housing Programme (PR1MA) chairman Tan Sri Eddy Chen.

MKH Bhd managing director Tan Sri Eddy Chen: The data centralisation is much needed and I understand it is work in progress now.

As people fear losing their jobs and companies fear closures

Rehda president Datuk Soam Heng Choon: More importantly, the HOC is about the benefit to homebuyers when the government comes out to help them reduce their financial burden such as giving  stamp duty waivers for loan instruments and on the memorandum of transfer

“Those with large unbilled sales may feel the cash flow constraints much later maybe 1.5 years later,” said Datuk Soam Heng Choon, Real Estate and Housing Developers’ Association (Rehda) president.

“This time around, will the property sector survive the mother of all crises?"