Covid-19 infections in Malaysia may have already peaked, says Health D-G
Some quarters, like JP Morgan and Malaysian Institute of Economic Research, had previously predicted that Malaysia's Covid-19 infections would only peak by mid-April.
Some quarters, like JP Morgan and Malaysian Institute of Economic Research, had previously predicted that Malaysia's Covid-19 infections would only peak by mid-April.
MIEA noted that amid the MCO, the majority of Malaysians who are keen to buy or sell property will be relying on online platforms.
The daily recoveries figure exceeds the new cases for the fourth time this month. There are 118 new confirmed cases, an increase from 106 yesterday.
This means that the red zones have expanded further in the Klang Valley, where there are now 11 health districts with more than 40 confirmed Covid-19 positive cases.
Knight Frank Malaysia executive director of capital markets James Buckley: This does not mean the death of the office, but we could see a shift in the working model where it becomes more a place for connection, socialisation, creativity and innovation.
For example, if there is a burst water tank, how can the strata dwellers cope during the MCO period without water?
The air-conditioning and lights in your “home office” are always switched on now as you try to get it as cool and as bright as your normal office but then you are constantly reminded that the one paying the electricity bill is, YOU.
Getting out of the downturn this time around could be more difficult as it involves a major public health issue that is the Covid-19 pandemic, which has, together with other economic issues, impacted the economy not just in the country but globally. Estimations on economic recovery range from months to years, and similarly, the property market would possibly enter into a down cycle before recovering.
It said architect firms, whether big or small, and similarly other professional services firms, were largely unable to benefit from the wage subsidies introduced in the recently announced Prihatin Rakyat Economic Stimulus Package (PRIHATIN) (Additional Measures) for small and medium enterprises (SMEs).
While the Malaysian Medical Association (MMA) has called for the relaxation of the MCO, the Academy of Medicine of Malaysia (AMM) said the measures should be extended until Hari Raya Aidilfitri at end-May or even beyond that.