Does the Covid-19 Act help contractors?
While MBAM deputy president Oliver Wee Hiang Chyn welcomes the move as it benefits the industry as a whole, he pointed out contractors need more attention and help.
While MBAM deputy president Oliver Wee Hiang Chyn welcomes the move as it benefits the industry as a whole, he pointed out contractors need more attention and help.
Rehda president Datuk Soam Heng Choon: When the economy moves, people will have more income and are more willing to buy property, so that we (developers) can provide more jobs. Because of the political overhang, the economy is not moving and foreign investors are not coming in.
As most retailers are categorised under non-essential industry, they have no permission from authorities to operate.
The building and development industry is among the many hard-hit sectors, but gritting their teeth through it, its key stakeholders concur MCO 2.0 is necessary.
Meanwhile, PAM president Datuk Ezumi Harzani Ismail said it would be helpful if Singapore property industry Covid-19 regulations can be imposed here in Malaysia
Real Estate and Housing Developers Association Malaysia (Rehda) Malaysia president Datuk Soam Heng Choon: All developers want a quick sale so that they can pay the contractors and so on to move the business
Au Foong Yee, Editor-in-chief & Managing Director, EdgeProp Malaysia: Just as the market is starting to adapt to the realities of the new normal, the current third and more forceful wave of the pandemic is wreaking havoc beyond the mere challenge of sales.
Architects as the Contract Administrators should take proactive roles in averting disputes by guiding the parties toward practical solutions, so that projects can come to an amicable completion, said PAM president Datuk Ar. Ezumi Harzani Ismail.
The Building Industry Presidents’ Council said “it is good” that the Covid-19 Act has temporarily suspended “contractual rights under Part 2 of the Act in order to allow all parties to review their respective positions and consider the best way to move forward”.
The objective of the Awards is to raise the bar on the quality and sustainability of Malaysian property, benchmarking it against the best-in-class globally.