Kedah, particularly in Kulim, has witnessed the highest influx of foreign investments for the manufacturing sub-sector in the country in the first quarter of this year (1Q2024), according to Knight Frank Malaysia executive director of land and industrial solutions Allan Sim.
International property consultancy firm Knight Frank forecasts that Kuala Lumpur’s prime office rental and vacancy rates will remain unchanged and stable for the next 12 months.
LBS Bina Group Bhd (KL:LBS) unveiled a double-storey semi-detached development called Imperial Garden located at Bandar Putera Indah of Batu Pahat, Johor. The development has an estimated gross development value of RM237 million.
The Kuala Lumpur International Airport (KLIA) aerotrain is expected to resume operations by the first quarter of 2025, according to Transport Minister Anthony Loke.
Construction company Vestland Bhd (KL:VLB) is acquiring office suites in Selangor and industrial warehouses in Sabah, for a total of RM25 million.
Real Estate and Housing Developers’ Association Malaysia (REHDA) has called for building industry players to be excluded from paying the levy imposed by the Human Resource Development Corp (HRD Corp).
Noteworthy:
When: May 2024
"The global data centre industry is growing quickly this year because of demand from artificial intelligence, machine learning, e-commerce, and cloud computing. Malaysia is transforming from an also-ran to a top contender in data centres so quickly that they call Malaysia a data centre powerhouse."
This is because the conditions precedent in the agreement between Econframe and the seller of the stake, ETA Industries Sdn Bhd, had not been fulfilled within the specified timeframe.
Kwasa Land is a wholly-owned subsidiary of the Employees Provident Fund (EPF) and master developer of Kwasa Damansara.
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