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

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.

Impetus Alliance chief executive officer and managing director Datuk Seri Michael Yam said affordable landed properties would be a better investment choice for Malaysians.

In announcing the quarterly income in a stock exchange filing yesterday, it also attributed the higher NPI to better cost management, which resulted in 9.8% dip in property operating expenses to RM4.86 million from RM5.39 million a year ago.

Health director-general Datuk Dr Noor Hisham Abdullah said 18 cases of Covid-19 have been reported in the state so far, and it currently has no active cases.

He also said the Government will loosen some restrictions, for example allowing students go back to their homes and letting those who are "trapped" in hometowns to return to the cities.

CGS-CIMB economists Michelle Chia and Lim Yee Ping wrote in a note that the nation’s monetary policy is likely to become more accommodative and CGS-CIMB expects BNM to reduce the OPR by 50bps this May, followed by a further 25bps cut in the second half of 2020.

In a filing with Bursa Malaysia, the REIT attributed the lower income to the rental support provided to tenants, and lower car park income, arising from the Covid-19 pandemic and Movement Control Order (MCO) since mid-March.

He is the first person to be convicted of “exposing others to the risk of infection by breaching a stay-home notice” in Singapore.

"The state government has to find ways to reboot the economy, this is important and we need to seriously focus on this."