JOHOR BARU: Businesses operating in Johor are expecting to face challenging times post-Covid-19 and movement control order (MCO).
Real Estate and Housing Developers Association (Rehda) Johor branch deputy chairman Wong Kuen Kong said the property sector in the state would not be spared from the aftermath of the pandemic.
“Like other businesses, Johor Rehda members are also preparing to face uncertainties, including a drop in revenue, ’’ he said.
Wong said most developers would put on hold new property launches by six to 12 months after the pandemic was contained.
He said the main focus post-Covid-19 would be the construction of properties which were temporarily suspended in compliance with the movement control order (MCO) since March 18.
Wong said it was important to continue with the construction of residential and commercial properties which were in the final stages of completion.
He said most of the properties were already sold, adding that developers must complete and deliver them to the buyers.
He hoped the new state government will quickly free 16,000 unsold bumiputra properties in Johor estimated at RM10bil.
“The move will help us generate revenue, ’’ he said.
Johor Baru Chinese Chamber of Commerce and Industry immediate past president Datuk Loh Liam Hiang hoped the state government would provide initiatives to assist businesses to cope with the challenges and uncertainties post-Covid-19.
He said Johor Economic Planning Unit and Johor State Investment Centre should start compiling data now on the number of businesses affected by the pandemic.
“It is important to engage with the Chinese, Indian and Malay chambers of commerce and business organisations, including those representing the small and medium enterprises, ’’ said Loh.
He added that feedback from the chambers of commerce and business organisations would help the state government to outline the initiatives deemed suitable for businesses to face challenging times.
“We also hope the state government will reduce assessment rates for factories for one year in view of the situation, ’’ he said.
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