Failure to address housing woes will lead to social problems Bernama
PETALING JAYA: Drastic measures must be taken to address the housing woes of Malaysians in the lower income group, especially those who live in urban centres such as the Klang Valley.
According to housing experts, any deterioration in the situation would precipitate circumstances leading to social problems.
It is already getting impossible for some in the middle class to own a home in the city, much less those in the lower M40 and B40 groups, they pointed out.
For instance, a terrace house in the secondary market in Petaling Jaya now sells for up to RM800,000.
Property & Asset Management - Lead / Associate Director placenorthwest.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from placenorthwest.co.uk Daily Mail and Mail on Sunday newspapers.
By Pedro Colaco, CEO at GuestCentric Systems
share this article Photo: GuestCentric Systems
It s been just over a year since Covid-19 became a global pandemic in April 2021. Hotels are finally starting to see some signs of life reflected in hotel bookings. According to market research by Guestcentric and Great Hotels of the World, published in the 13th edition of the Hotelier PULSE Report, booked nights in March 2021 outgrew bookings in March 2020 by 14%.
However, ongoing hurdles with vaccination distribution in Europe clearly have an impact on the industry sentiment. The April 2021 edition of the Hotelier PULSE Report shows more hotels are in a complete shutdown, combined with the increasing expectation that international travel will not resume in 2021.
Apr 16, 2021 09:00 EDT
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