INDUSTRY NEWS (22 JANUARY 2021)
Late delivery charges may be a thorny issue
The decision by the Federal Court on late delivery charges paid by developers to house buyers could be an issue for property developers, according to Maybank IB Research. On Tuesday, Jan 19, the apex court ruled that developers must pay Liquidated Ascertained Damages (LAD), or
Impact of MCO 2.0 on the property market
As the Covid-19 pandemic continues to ravage Malaysia, the government took to imposing the Movement Control Order (MCO) 2.0 to curb the deadly coronavirus nationwide, except for Sarawak, until Feb 4, 2021. To recap, Malaysia was first put under a lockdown on March 18,
Bleak outlook for retail sector
The prospect of the retail sector may look gloomy during the second Movement Control Order (MCO 2.0) period as most retailers are categorised under non-essential industry, therefore have no permission from authorities to operate. In the EdgeProp.my Virtual Fireside Chat en…
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