Mah Sing Group Bhd looks forward to a multi-pronged approach in which government, industry players, and community members work together to achieve the National Recovery Plan (NRP) targets,
Business resilience is essential to rebuild and reset the economy, according to the company's founder and managing director Tan Sri Leong Hoy Kum.
The transition of Kuala Lumpur, Selangor and Putrajaya into Phase 2 of the NRP, and the decision to allow housing galleries to operate under Phase 1 effective today are both timely, he said.
"For individuals who are fully vaccinated, more activities such as eating at home or travelling within the same state will be allowed, which will help strike a balance between health protection and livelihoods as we go through the NRP and embrace the new norm," he explained.
Some RM530 billion worth of aid and economic stimulus packages have been issued by the government since 2020, completing eight well-rounded aid packages. According to Leong, this has helped cushion the economic impact to a certain degree caused by the pandemic.
"We appreciate the government's efforts to meet the needs of the people and companies at this difficult time," he said.
A recent analysis by KAF Equities on the Malaysian property market revealed that Klang Valley typically accounts for roughly one-third of total residential property transaction units and about half of the total residential property transaction value in Malaysia.
"When the government transitions Klang Valley into Phase 2 and opens up additional industries, we believe it will help reinvigorate the local economy over time. The widespread influence of economic stability will also encourage these areas' real estate markets," he said.
According to the Covid-19 Vaccine Supply Access Guarantee Special Committee (JKJAV), around 70.5 per cent of Malaysia's adult population have been fully vaccinated, and 89.5 per cent have received at least one dose of vaccine as at September 8, 2021.
The majority of Mah Sing's employees, according to Leong, have been immunised to the fullest extent possible.
"To ensure a safe environment for our personnel and visitors as they resume their usual lifestyle, our property sales galleries have adopted severe hygiene protocols, distancing requirements, and standard operating procedures," Leong said.