News by Chin Wai Lun

The newly-minted chairman is laying out plans to navigate REITs through Covid-19

Noteworthy:
● Leasehold
● Built-up: 40,000 sq ft
● Land size: 43,560 sq ft
● Semi-furnished
● Highly accessible via various highways such as North-South Expressway and South Klang Valley Expressway (SKVE)

When: April 2021

The developer intends to undertake a self-sustainable and affordable township development with the aforementioned land. It will offer a mix of affordable housing and commercial buildings such as single storey semi-detached, single storey terraced houses and shop offices, in addition to other infrastructure and amenities.

Sunway REIT Management Sdn Bhd CEO Datuk Jeffrey Ng, who has held the chairman position from 2016 to 2021, is now the immediate past president of MRMA. 

PublicInvest Research estimated that the top seven Malaysian developers have more than 70% of the local market share, out of more than 1,000 property developers

Completed in 1994, the 11,512 sq ft home in Telluride, Colorado offers sweeping vistas of the Aspen forests and snow-capped mountains during winter. Blending in with its wooded surroundings, the home is clad in rustic cedar wood and stone with beamed ceilings and many large windows to take advantage of the views.

Malaysia's property sector is poised for recovery this year, thanks to the historically low interest rates and pent-up demand, said the research house's analyst Wong Wei Sum

The financial relief was extended to retail and commercial tenants, particularly small and medium enterprises (SMEs) that were experiencing unprecedented strained cash flows during the various phases of the Movement Control Order (MCO).

World Health Organisation (WHO) Science Council member and infectious diseases expert Prof Datuk Dr Adeeba Kamarulzaman: I am not so worried about the larger establishments like shopping complexes and office buildings with ample spaces. It is the smaller individual shops and also restaurants where people take their masks off during eating that I am worried about.

CEO Datuk Chang Khim Wah stressed that incorporating sustainability is not just on an ad-hoc basis, but also on everyday decision-making