The developer announced an increased sales target of RM1.5 billion for 2022, with plans to launch projects worth RM3.3 billion in gross development value (GDV) totalling 3,526 units, which include activating the 1.3-acre site in Collingwood, Melbourne that was acquired back in 2020 to launch a mixed-development project with an estimated GDV of A$250 million (RM734.84 million).

Public Investment Bank Bhd analyst Eltricia Foong, who attended Genting SkyWorlds' sneak peek, wrote in a note on Friday that "after multiple delays” due to Covid-19 pandemic-driven disruptions, "the wait is almost over" as the theme park is finally scheduled to open its doors to the public in February 2022.

According to the developer in a statement, this is to continue its efforts to assist Malaysians in owning affordable-range properties under the ongoing “LIFT OFF with Mah Sing” sales campaign.

The annual assessment, created to help inform investor and policymaker global investment decisions, evaluates an economy’s investment landscape using variables such as the macroeconomic outlook, access to financial services, the potential for future innovation and development, and more.

In presenting its annual report on the review and outlook for the Malaysian property market in 2022 released on Jan 27, he stated that almost all sectors of the economy have been opened up and people have adjusted to the new normal of adhering to the SOPs. The uncertain and unstable political situation, with the changes in leadership of several State governments in recent months, however, remains a concern until a clearer picture emerges after the 15th General Election (GE15).

In contrast, its quarterly revenue slipped 4.98% to RM124.28 million from RM130.79 million on a year-on-year (y-o-y) basis mainly due to lower occupancy rates because of non-renewal of expired tenancies and some tenants deferring their rent commencement dates.

According to a statement on Wednesday (Jan 26), UDA president and chief executive officer Mohd Salem Kailany said that the projects will be offered in the middle of this year. 

According to a statement on Thursday (Jan 27), Wong will be leading the team in a wide variety of consulting projects, alongside Knight Frank Malaysia executive director of research and consultancy Judy Ong.

For the Klang Valley region, the report has noted that the market performance in 2021 had been subdued by the pandemic. Yet, during the downtime, property developers have used the time to increase their assets while other sectors within the property market look to reinvent themselves in order to survive the challenging times. 

Astaka Holdings executive director and chief executive officer Khong Chung Lun said that this is the company’s second MoU for a joint development project this year.