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Asia Pacific office market expected to be upbeat next year: C&W

Asia Pacific office market expected to be upbeat next year: C&W

SINGAPORE (Dec 14): Singapore, Japan, and South Korea are predicted to experience “above-average growth in 2022” driven by strong demand for exports, says Cushman & Wakefield report entitled Catch 22 — Asia Pacific Commercial Real Estate Outlook 2022. C&W expects the Asia Pacific economy to regain its position as the highest-growth economy with an expected...

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Residential property market performance over 20 years

Residential property market performance over 20 years

We analysed the growth of average house prices over 20 years for eight states in Malaysia. The average house price data was collected from the year 2000 until the first quarter of 2021. These eight states analysed were Kuala Lumpur, Selangor, Johor, Penang, Perak, Pahang, Sabah and Sarawak. Kuala Lumpur The average house price in...

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MPI buys land for new plant in China for RM15m

MPI buys land for new plant in China for RM15m

KUALA LUMPUR (Dec 23): Malaysian Pacific Industries Bhd (MPI) has entered into an agreement to invest in land for its new plant in Suzhou, China. Under the agreement, the company will acquire a 66,667-sq-m (16.47-acre) land with a usage term of 50 years at a cost of around 22.4 million yuan (RM14.81 million) to build...

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Oriental Interest unit buys land in Selangor for RM36.35mil

Oriental Interest unit buys land in Selangor for RM36.35mil

Oriental Interest Bhd’s (OIB) 70 per cent-subsidiary Myra Land Sdn Bhd has proposed to buy a 2.05-hectare leasehold land in Pekan Baru Subang, Selangor, from Teguh Majuria Sdn Bhd for RM36.35 million cash. The Kedah-headquartered company said the proposed acquisition was in line with the group’s strategic planning to leverage on its strengths in property...

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