Published EVERY FRIDAY FRIDAY, NOVEMBER 6, 2020 . issue 3142/2020 . PP19055/06/2016(034530) DIGITAL Is your building THE BEST MANAGED & SUSTAINABLE PROPERTY in Malaysia? • Am I elIgIble? • WhAt should I submIt? • heAR WhAt JUDGES hAVE TO sAY! Calling all property developers, building & facilities managers, managment corpora- tions & JMBs! Sign up for a FREE briefing session here! J 2 FRIDay NOVEMBER 6, 2020 ENDORSED BY MINISTRY OF HOUSING AND LOCAL GOVERNMENT Enter now! AWARds obJeCtIVE Promote sustainable real estate in Malaysia through recognition of: • Malaysia’s best property management practices • Property in Malaysia designed and built for sustainability INteRested to fINd out moRe? sIgn NoW opeN foR eNtRIes up foR A bRIefINg ( NO FEES REQUIRED) sessIoN heRe! • All Residential, Office, Mixed Development, Specialised and Retail properties managed in-house/by property building managers • Strata and Non-strata buildings hoW TO ENteR • NEW CATEGORY! Re-purposed buildings Download entry forms on edgeprop.my/awards2021entry Also opeN FOR submIssIoN For enquiries, contact EdgeProp.my ( NO FEES REQUIRED) Marketing and Communications at: • EdgeProp Malaysia’s Responsible Developer: [email protected] Building Sustainable Development Award • EdgeProp-ILAM Malaysia’s Sustainable Landscape Award submIssIoN deAdlINE All entries must reach The Edge Property Sdn Bhd, Level 3, Menara KLK, No. 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor by 5pm, Monday, 11 January 2021 Awards results audited by Deloitte PRESENTED BY | PARTNER | SUPPORTING paRTNER | SUPPORTED BY | Published EVERY FRIDAY FRidaY, NOVEMBER 6, 2020 . issue 3142/2020 . PP19055/06/2016(034530) DIGITAL CEO Talks EP EP with FEATURE11 FEATURE17 Live Exclusive live interview with Still winter DETAILS for Klang Hotels ON PAGE 6 Datuk Valley riding Joseph Lau mall on WFH retailers concept Chief Executive Officer of ParkCity Group Tan Sri Teo Chiang Kok Director of Bandar Utama Development Sdn Bhd and president of ATTRACTING the Malaysia Shopping Malls SHOPPERS Association AGAIN Mall operators are facing a tougher time now as compared to the MCO period. Turn to Pages 7 to 10 to find out how they deal with the challenges. Chris Chong Sara Fang Horton HC Chan IOI Properties UEM Sunrise Bhd’s CEO of Sunway Group Bhd’s managing head Malls & Mall Operations of retail strategy Theme Parks senior general manager EP 4 FRIDAY NOVEMBER 6, 2020 NEWS HIGHLIGHTS from www.EdgeProp.my dgeProp.my dgeProp.my E | Property buys delayed due to YEN YEING LOW Covid-19, says The Edge Property Sdn Bhd (1091814-P) CGS-CIMB Level 3, Menara KLK, No. 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia EdgeProp.my Managing Director/Editor-in-chief Au Foong Yee Local buyers have either delayed “They preferred the equity market after the movement control order EDITORIAL Assistant Editor Tan Ai Leng or cancelled their plans to acquire as an investment option, signalling (MCO) period ends. Deputy Chief Copy Editor property following the Covid-19 wealth spillover effect from retail Meanwhile, 32.7% of those James Chong Senior Writer outbreak, according to a survey by market rally to property could be respondents are postponing their Rachel Chew Writers CGS-CIMB Research. limited,” said Ngo. purchases to 2021, and 31.8% have Natalie Khoo, Chin Wai Lun, In a sector note released on Nov Prior to the Covid-19 outbreak, changed their mind about buying a Chelsey Poh Senior Designer Jun Kit 4, 2020 CGS-CIMB analyst Ngo Siew the research house found that house. For New Launches/Events/ Teng said the respondents did not 44% of respondents had plans The survey gathered that most Press Releases/News Tips to purchase a property this year, of the respondents view current email: [email protected] believe that now is a good time to Tel: (03) 7721 8211 Fax: (03) 7721 8280 acquire a residential property, and however, only 35.5% of the property prices as unaffordable ADVERTISING & MARKETING viewed current property prices as respondents stayed on with property and have a purchasing budget of Associate Account Director, unaffordable. purchase plans and wanted to do so RM250,000 to RM499,999. Advertising & Marketing Heidee Ahmad (019) 388 1880 Senior Account Managers Ian Leong (012) 359 1668 Cecilia Too (012) 319 7666 BNM maintains Budget 2021 Marketing Support & Ad Traffic WITTER Madeline Tan (03) 7721 8218 OPR at 1.75% expected to revive T email: [email protected] Bank Negara Malaysia (BNM) has de- national tourism BUSINESS DEVELOPMENT cided to maintain the Overnight Policy The 2021 Budget, which will be tabled isham’s Manager H Nimalen Parimalam (014) 324 3193 Rate (OPR) at 1.75% on Nov 3, 2020, today, is expected to help revive the OOR OOR as the country’s economic activity is tourism, arts and culture sector, be- N AGENCY SALES Sales Manager projected to improve further. sides providing an impetus for nation- DR Stannly Tan (012) 538 1687 The central bank expects the na- al economic development planning. Y PRODUCT DEVELOPMENT tion’s underlying inflation to remain In a statement on Nov 4, 2020, & CUSTOMER ADVISORY subdued as the world economy con- Tourism, Arts and Culture Minister B PHOTO Associates tends with the resurgence in Covid-19 Datuk Seri Nancy Shukri said the Omar Nawawi (012) 537 1687 Nazrin Hakimin (017) 368 6061 cases. Budget is also expected to provide an In its statement, BNM said the opportunity for the Ministry to assist For enquiries and listings email: [email protected] global economy continues to recover, industry players under it to remain Tel: (03) 7733 9000 led by improvements in manufactur- strong, thus supporting the country’s EdgeProp.my e-Publication ing and export activity, although the economic recovery in the future. is published by The Edge Property resurgence in Covid-19 cases suggests “This is a huge economic chain Sdn Bhd. Download it for free at that the global economic recovery will across various economic segments www.EdgeProp.my likely remain uneven in the near term. involving aspects of accommodation, land, sea and air transport, food and The Edge Malaysia beverage, travel agencies, cultural art heritage assets as well as event Sungai Buloh Hospital Covid-19 Publisher and Group CEO We’re on management,” she said. Ho Kay Tat team gets Global Health Awards EDITORIAL Telegram! recognition Editor-in-chief Azam Aris MM2H programme CORPORATE The Covid-19 team at Sungai Buloh Hospital, Selangor has been Chief Operating Officer not cancelled recognised at the Global Health Awards (GLA) 2020 recently for Lim Shiew Yuin The government has not cancelled its unwavering efforts in fighting the pandemic. ADVERTISING & MARKETING the Malaysia My Second Home Health director-general Tan Sri Dr Noor Hisham Abdullah Chief Commercial Officer (MM2H) programme, instead it is Sharon Teh (012) 313 9056 congratulated head of Sungai Buloh Hospital Infectious Disease General Manager temporarily frozen, the Dewan Rak- Fong Lai Kuan (012) 386 2831 yat was told on Nov 2, 2020. Department Dr Suresh Kumar (pictured) and Anaesthesia and Senior Sales Manager Tourism, Arts and Culture Min- Intensive Care Department head Dr Shaiful Azman Zakaria as Gregory Thu (012) 376 0614 well as the whole team for the recognition. Head of Marketing ister Datuk Seri Nancy Shukri said Support & Ad Traffic CLICK the temporary suspension was to “Heartiest congratulations to Dr Suresh Kumar and Dr Lorraine Chan (03) 7721 8001 HERE allow the ministry to make detailed Shaiful Azman and the whole of Covid-19 team at Sungai Buloh to join the specifications and improvements to Hospital for the recognition at the Global Health Awards 2020. the programme – comprising safety, Very well-deserved indeed!. “EdgeProp property, wellbeing and economic “The nation thanks you and your team for the unwavering Malaysia” news impact. dedication, sacrifice and excellence in our efforts to fight -Cov “Actually we have not finalised id-19,” he said in his social media accounts on Oct 30, 2020. channel on the cancellation of the programme, Telegram to receive we are reviewing and devising cer- daily alerts on tain conditions. That is the reason we returned the applications, to en- property news! able them (applicants) to meet the How do I get past issues of this weekly e-Publication? new conditions.” Go to www.EdgeProp.my to download for free! EP 5 FRIDAY NOVEMBER 6, 2020 NEWS HIGHLIGHTSNEWS from www.HIGHLIGHTSEdgeProp.my from www.EdgeProp.my EIN VISION UK announces a L month-long lockdown K starting Nov 5 WITTER T GE D AMBRI C DUCHESS OF D E AN K HE DU T The United Kingdom prime will remain open. minister Boris Johnson People are being told to has announced a second stay home unless they have national lockdown for specific reasons to leave. Another flying car takes England to curb the spread Meanwhile, Britain’s of the Covid-19, after the UK Prince William was tested breached over one million positive for Covid-19 in April maiden flight positive cases, according to a this year, around the same BBC report on Nov 1, 2020. time as his father Prince The four weeks’ shutdown Charles, according to a BBC The final prototype of the flying car – AirCar – has completed its first flight on will see restaurants, gyms, report, citing palace sources. Oct 29, 2020 at Piestany Airport, Slovakia. pubs and non-essential The Duke of Cambridge According to Auto Evolution’s report, the maiden flight included two takeoffs businesses closed until Dec however, chose to keep 2, 2020, but takeaways from his diagnosis from the and two landings, all four successful. restaurants are allowed. press to avoid alarming The Slovakian company, Klein Vision Ltd, unveiled the flying car to the public Schools, colleges and the nation, saying: “There last year at China International Import Expo.