News by Rachel Chew

JLL Property Services (M) Sdn Bhd country head Y Y Lau: Malaysia continues to be one of the favourite locations to construct data centres around the SEA region

President Datuk Soam Heng Choon: Getting the government to buy over the unsold units is a good exercise but one needs to be careful as well as it involves the taxpayers’ money

On May 31, 2021, the Ministry of Finance announced a seven-month extension for the HOC to Dec 31, 2021 under the government initiatives – PEMERKASA+ Stimulus Package

Real Estate and Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon: We need to give them some time to build up the stock and balance the demand and supply to see the price normalised. We are not too concerned about this

President Datuk Soam Heng Choon: We went into a lockdown from June 2021 to the end of August/September, and sales activities could only started opening up in September and October -- they can see that 2H2021 is almost a washout

The combined sales of China's top 100 developers plummeted 36% year-on-year in September

Noteworthy:
● Leasehold
● Built-up: 7,416 sq ft
● Fully furnished
● Facilities: Floor dedicated lift, grand lobby and three-tier security
● Amenities: LRT stations, shopping mall and F&B outlets

When: July 2021

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