Why is this decision so important? And how could this protect the rights of property buyers?

Until herd immunity is achieved, there is not much that hotels can do except to continue its current marketing campaign, such as hotel workcation packages and extending F&B services or other services to the public, says Rahim & Co International Property Consultants CEO Siva Shanker

In a report by CBRE | WTW, such hotels have been dealing with significantly lower Average Room Rates (ARR) and Average Occupancy Rates (AOR) from the first Movement Control Order (MCO) which began on March 18, 2020.

Beyond our shores, it goes without saying the hotel industry is similarly in deep water as it is a sector that relies heavily on foreign travellers as its main income source.

Malaysian Association of Hotels (MAH) CEO Yap Lip Seng expects that without government assistance, the extension of the travel ban would cause another 10% to 20% of hotel closures with more employees losing their jobs.

Datuk Chang Kim Loong: In the context of the SMA, the awards and the grounds of awards handed down by the Tribunal can serve as an invaluable source of reference for the public.

“If you have been renting a place for RM1,500 per month here on OKR, with the same amount of money, you could consider buying a unit now as there are ample affordable choices in OKR,” says CID Realtors Sdn Bhd real estate negotiator Joseph Tin.

Amongst all segments, terraced houses recorded the highest price growth of 78%, where average selling price (psf) increased to RM478 from RM268 in 2012, while bungalows and semidees recorded price growths of 48% and 29% respectively.

The 11km OKR is one of the oldest and busiest thoroughfares in KL.  It is also home to some of the oldest and most established housing areas in KL like Taman OUG and Taman Desa — with sought-after homes still commanding great value for their proximity to the city centre.

While such measures have effectively reduced health risks, they have also come with high economic costs.