Juwai IQI, the Asian real estate technology group, hopes the PERMAI aid package unveiled will encourage consumer demand and investor confidence in the real estate industry.
Juwai IQI Group co-founder and chief executive officer Kashif Ansari said the initiative was likely to positively impact the commercial real estate market with electricity discounts, tax benefits for rental discounts, stepped-up screening of foreign workers, and the Danajamin Guarantee Scheme.
“We expect PERMAI to encourage consumer demand and investor confidence to recover more quickly to see a resurgent domestic economy this year,”
Kashif also praised the government for taking decisive action to control the virus and providing support to the most vulnerable among us, with the three key objectives to combat the COVID-19 pandemic, to protect the people’s welfare, and to support business continuity.
“The COVID-19 pandemic has done more global economic damage than the Asian Financial Crisis or the Global Financial Crisis. However, the pandemic has also had a positive impact on national property markets. Asia is already leading the recovery, and we expect it to continue to do so in 2021.”