PETALING JAYA (April 17): The ongoing Covid-19 outbreak has put a large dent on the global economy. The question is, can the country's property sector weather this unprecedented storm? Did we learn from lessons of the past economic crises?
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Hence, EdgeProp.my organised a LIVE Fireside Chat at 2pm today on EdgeProp Malaysia's Facebook page titled "Will the Malaysian Property Sector Survive This Mother of All Crises?" to provide greater clarity and discuss the current pains plaguing the industry, its outlook and what property buyers and investors should expect.
The live event attracted some 23,000 views with a deluge of questions from many viewers as a panel of veteran developers provided their insights on the matter. This panel which consisted of Perbadanan PR1MA (PRIMA) Malaysia chairman Tan Sri Eddy Chen, Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk Soam Heng Choon and Rehda Institute chairman Datuk Jeffrey Ng with EdgeProp Malaysia managing director and editor-in-chief Au Foong Yee serving as the moderator.
"This is not the time for business as usual. For the first time in six decades, Asia's economic growth this year will grind to a halt with zero expansion. Such was the prediction of the International Monetary Fund (IMF) and Asia is not alone in this. These are highly challenging times for the global economy as well," said Au as she kicked off the Fireside chat.
"The only certainty, if there is any at all, is that there are a whole lot of uncertainties. The world we know is changing. Malaysia has emerged from crises before. This time around, will the property sector survive the mother of all crises?" she said, before the discussion began.
