It is certainly not within the contemplation of most Malaysians to have their lives come to a grinding halt hence it would be utterly unjust to hold them liable for their failure to fulfill their contractual obligations, under the circumstances.

Check out these below-market residential properties in the Klang Valley and Greater KL 

At the EdgeProp.my Facebook LIVE Fireside Chat titled ‘Undervalued Properties: Opportunities or Risk?’which took place last Friday April 10, several EdgeProp.my’s Pro Agents gave their views on the current market environment and some advice for property buyers.

Governments do have a moral dilemma — lives or livelihoods? But it does not have to be that way if we take a dual-track approach that strikes a balance between health and economics.

But as the novel coronavirus that causes Covid-19 casts a long shadow over how we live, work and play, hundreds of corporations big and small, in government agencies as well as private sector, have suspended biometric attendance in recent weeks.

On April 10, 2020, the Companies Commission of Malaysia firstly increased of the prescribed amount for the statutory demand to RM50,000. This debt threshold is not particularly high, especially for larger businesses. I do not expect this increased amount to make a significant difference for companies in debt.

Secondly, there was an amendment of the 21-day period in the CA 2016. The minister has substituted this for a six-month period. So, a debtor company now has a six-month window before there is an actual filing of the winding-up petition.

Bank Negara Malaysia (BNM) projected that the country’s gross domestic product (GDP) growth to be between -2% and 0.5% this year amid expectation that economic activities will pick up in the second half of the year.

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.