News by Rachel Chew

CBRE|WTW managing director Foo Gee Jen pointed out that a proper plan-and-build worker accommodation is very much in need now to lower the risk of Covid-19 cluster outbreaks in construction sites

IGB deputy CEO Tan Boon Lee: Leveraging on our vast experience, we would like to own and operate lifestyle products catering to convalescent/post-hospitalisation care and seniors living.  We will be rejuvenating one of our hotels to run this new business

Noteworthy:
● Freehold
● Land size: 136,124 sq ft
● Large open yard
● Comes with a factory building with four offices and a guardhouse

When: May 2021

The general occupancy rate for purpose-built office and shopping complex segments stood at 78.5% and 76.6%, respectively.

Foo pointed out that a proper plan-and-build worker accommodation is very much in need now to lower the risk of Covid-19 cluster outbreaks in construction sites.

"We need to assess the demand of affordable housing and match it with the existing supply, not the future incoming supply, to avoid creating more overhang houses.”

Noteworthy:
● Freehold
● Land size: 1,755 sq ft
● Built-up: 2,200 sq ft
● Four bedrooms; three bathrooms
● Facing the park

When: July 2021

Knight Frank Malaysia: The industrial property market in the Klang Valley remains resilient, supported by exponential growth of the e-commerce market

The Pano is a freehold low-density residential project featuring only 363 units spread on twin 26-storey blocks. The unit built-up sizes range from 609 sq ft to 1,831 sq ft.

Noteworthy:
● Leasehold
● Built-up: 1,256 sq ft
● Four bedrooms, three bathrooms
● Facilities: Indoor pool, infinity swimming pool, children playground, sauna, gymnasium, mini market, free covered parking, 24-hour security, tennis courts, squash court and a badminton hall

When: April 2021