According to the Malaysian Hospitality Investment intentions Survey released by Knight Frank, some 64% of the hotel owners, operators and owner operators survey respondents are considering increasing their exposure to the Malaysian hotel sector, a sharp hike compared with 36% in 2020.
In a statement, the REIT said it has inked a sale and purchase agreement (SPA) with Equalbase PTP Sdn Bhd (EPSB) to aquire the 1.55 mil sq ft property. EPSB is a unit of EQualbase Pte Ltd in Singapore and is in the business of developing and leasing warehouses.
According to a press statement on Monday (April 11), SDPLOG will focus on investing and developing high-quality industrial and logistics real estate assets, such as E-Metro Logistics Park at Bandar Bukit Raja in Klang, Selangor.
In a note Monday (April 11), the research house said it sees some potential trading opportunities as sector valuations are undemanding, at 64% discount to RNAV.
In a Bursa Malaysia filing on Friday, the REIT said Amirsham, 71, will be replacing Tan Sri Ahmad Mohd Don, who is retiring from the position after helming the company since October 2016.
The achievement comes as home seeker and international investor interest rise with the reopening of economic sectors and borders, pointing the way to brighter prospects for property in the year ahead.
Jentayu Sustainables had on Thursday (April 7) entered into a conditional Sale and Purchase Agreement (SPA) with Beacon ACM Sdn Bhd for the disposal of the property, according to its bourse filing on Friday.
Under the deal, MPSB will construct the building which will be able to accommodate 94 beds of single rooms with a minimum of 300 parking bays under Phase 1 of the project.
According to the press statement, the 10,000 affordable houses include Idaman Bukit Jelutong (launched on Thursday), Idaman Elmina West (upcoming launch), as well as other ongoing projects such as Rumah Selangorku housing project in Serendah, two high-rise affordable housing projects for Paramount Corp Bhd in Kemuning Utama and Greenwood Salak Perdana, and the Rumah Idaman project for Kwasa Land Sdn Bhd in Kwasa Damansara.
The research house said in a note on Thursday that although retail sales and footfall have recovered since the relaxation of movement restrictions, it does not expect the recovery in retail sales and footfall to translate into a significant improvement in rental reversion rates for malls in the near term.
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