Anticipating a bleak outlook in the near future, the developer has made a bold move in partnering with CMY Capital Sdn Bhd (CMY), an investment holding company founded by prominent businessman Tan Sri Chua Ma Yu, and another investor to tap into the glove-making and distribution business.
Despite industrial property seeing a decline of 30% in transaction volume for the first half of 2020, the market demand is intact as there are still many enquiries for industrial properties in the Klang Valley, Johor and Penang areas, even during the MCO period, said CBRE|WTW group managing director Foo Gee Jen
Chairman of Port Klang Free Zone Datuk Lawrence Low: PKFZ is unique and very attractive for its location, potential and government incentives.
EdgeProp Malaysia's Best Managed and Sustainable Property Awards is aimed at etching Malaysia on the global map of preferred property investment and living destinations.
It also added that all of them were non-Malaysians except the Daiso staff member.
The group will set up its first gloves manufacturing factory that comprises 12 production lines to produce up to 3.68 billion pieces of gloves per annum in Kapar, Klang.
The spectre of a coronavirus fourth wave spike has prompted real estate analysts to predict that “the market may be unable to fully absorb the new supply…”
Malaysian Association of Hotels chief executive officer Yap Lip Seng: This would at least cost the industry between RM60 million to RM100 million in revenue…”
The mall management said the mass swab test for its 6,000 mall and tenant staff members on Oct 11 and 12 showed 21 positive cases, and not the 63 cases as reported.
Sold for: RM800,000 (RM620 psf); Concluded by: Swiss Tan (PEA 2710) (013-228 8881) of IQI Realty Sdn Bhd; When: July 2020
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