Datuk Soam Heng Choon: Take challenges as they come - constant learning, rethinking and being quick to adapt to changes are strengths that will help us through any situation

Housing and Local Government Minister Zuraida Kamaruddin: With strata living fast becoming a way of life, quality property management is no longer an option. This is true not only in private but also in public real estate.

Rehda Malaysia president Datuk Soam Heng Choon: I hope that the people who saved on the stamp duty and the RPGT (real property gains tax) will take out the money and spend on other things to move the domestic economy."

“We would like to take this opportunity to express our gratitude to the Government for taking note of our proposals during our various engagements.”

Datuk Seri Michael K C Yam is taking over the position from Tan Sri Samsudin Osman following the latter’s retirement.

Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk Soam Heng Choon confirmed that there’s a high possibility that the government will launch HOC 2020 to spur homebuyers’ interest.

Rehda Malaysia president Datuk Soam Heng Choon: Throughout the 50 years of our formation, we have played a vital role in the betterment of the property industry and nation, by being a key partner to the government in its various initiatives.

“HOC有效地提高市场需求和减少现货。我们要求政府展延HOC，因为这是有助减低发展商和房屋买家支出，且提振市场购兴的方法，而报告书的数据也证明了这是个有效的办法。“

For the property industry, like most sectors which were considered non-essential, business came to almost a standstill during the full MCO period. If not for the Covid-19 outbreak, the 2019 market performance could have indicated a light at the end of the tunnel for a property market which has been in a slowdown since 2015/16.

"The estimated cost per swab test is around RM350 to RM650 per person, depending on volume. The high cost per person translates to a considerable amount that contractors need to bear as a construction site typically has hundreds of workers. This would incur heavy costs to construction companies, adding to all other mobilisation costs as well as losses since the beginning of the Movement Control Order (MCO) on March 18," they said.