How to boost the housing market in uncertain times
Given that the property sector’s spill over effect on other sectors can contribute up to 14% of the country’s GDP; measures are needed to stimulate the property market.
Given that the property sector’s spill over effect on other sectors can contribute up to 14% of the country’s GDP; measures are needed to stimulate the property market.
Over 30 stores used to operate in SS15 Subang Jaya’s famed ‘bubble tea street’ — have the multi-coloured boba concoctions reached a saturation point? Are they losing their charm amid Covid-19 fears?
Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee: The main concern is bacteria such as those that cause Legionnaires' disease and other pathogens inside the building as there is no fresh air in the building.
“Those who had not placed priority on safety issues and building inspections now understand why they need to undergo inspections to renew their fire certificates and lift certificates, for example. Now we see building owners asking for inspections because they are afraid the system will fail and become a liability due to safety issues.”
It was reported that EPF has approved withdrawals totalling RM1.66 billion by 3.5 million contributors under the i-Lestari initiative launched last month. However, is RM500 per month enough to help them pay for their shelter or even feed their families? Will such pittance be sufficient to resuscitate their failing businesses?
“It was surprising to see that most potential buyers are not overly pessimistic despite the severe pandemic and the slew of other consequential economic shocks such as oil price crash and extremely volatile stock market,” said KGV International Property Consultants executive director Samuel Tan.
Dr Foo Chee Hung: Malaysia is expected to experience economic contraction following the imposed Movement Control Order (MCO) from March 18 to May 3 that has caused business shutdown in all non-essential activities. The country’s property market was clobbered as a result.
Consumer shopping habits are changing. The usual mall offerings consisting of retail shops, departmental stores and F&B outlets do not suffice anymore.
Although the majority of the respondents look forward to visiting malls again in the long run, in the near term, most would continue to be wary about the spread of the Covid-19 coronavirus as only 26% of those who will visit malls post-MCO stated that they will go to the malls immediately after the MCO is lifted against 74% who reckoned that they would only visit when the need arises.
The objective of the survey was to gauge consumer behaviour in visiting shopping malls pre- and post-MCO; and to see whether Malaysians were keen to return to visit their favourite malls like they used to after the MCO was lifted.