KUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) Agreement, a free trade agreement among 15 Asia-Pacific nations, is anticipated to stimulate growth and investments across the region to unlock bigger opportunities for businesses and countries alike. The agreement, which came into force on Jan 1 this year, will augur well for the industrial sector as...
Read moreMitsui Fudosan Co Ltd, a Tokyo-based real estate company, has officially opened the Mitsui Shopping Park LaLaport Bukit Bintang City Centre, or LaLaport BBCC for short, to the public. Spanning over 78,500sqm, it is Mitsui Fudosan’s first LaLaport mall in Southeast Asia. It is the core of the RM8.7 billion Bukit Bintang City Centre (BBCC),...
Read moreMost Chinese local governments saw revenue from land sales fall in 2021, damaging their budgets just as Beijing calls for faster spending to counteract a housing-market slowdown and pull the economy out of a downturn. Thirteen of China’s 31 provinces saw income from selling land-use rights drop more than 20 per cent in 2021 from...
Read moreThe Employees Provident Fund Board (EPF) is expected to sell Bangunan KWSP Changkat Raja Chulan in Kuala Lumpur to TIME Dotcom Bhd. Bangunan KWSP is a 13-storey freehold office building with 95 parking spaces. The low-density office building was completed in 1992. The original cost of investment for the building by EPF in 1994 was...
Read moreSunway Real Estate Investment Trust (Sunway REIT) is on track to increase its property value to RM15 billion in the financial year ending June 30, 2025 (FY25) under its Transcend 2025 (TC25) initiative, despite current and future headwinds. TC25 is a programme that develops a strategic roadmap to capitalise on Sunway REIT’s diversity to set...
Read more
中文
