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.

The newly introduced awards’ category is “Repurposed Building”, which recognises the recycled old buildings, or adaptive reuse to extend the usefulness of a building by changing its function while keeping the structure.  

This exemption is effective for loan agreements and instruments of transfer executed from Jan 1, 2021 to Dec 31, 2025 for abandoned housing projects certified by the Ministry of Housing and Local Government (KPKT).

Some RM1.2 billion for the construction of comfortable and quality housing come next year

This exemption is effective for sale and purchase agreements executed from Jan 1, 2021 to Dec 31, 2025.