PARIS: Real-world real estate in NFT form? That’s right, forget the craze for buying virtual real estate in the metaverse, now it is the purchase of bricks-and-mortar properties through non-fungible tokens that is starting to emerge. In February, a house in Florida was sold via NFT at auction for $653,000. And this is just the...
Read moreTHE National Property Information Centre recently released statistics on the performance of the Malaysian property market for 2021. While the headline numbers showed the number of transactions surpassed the 300,000 unit threshold level, up by 1.5% year-on-year(y-o-y), the data is still below the pre-pandemic level when the number of transactions hit 328,647 units in...
Read moreThe Queen’s Wharf Brisbane integrated casino and resort complex, backed by a pair of Hong Kong heavyweights including Malaysian billionaire Tan Sri David Chiu’s the Far East Consortium, is set to open gradually beginning in mid-2023 and transform Brisbane’s riverfront. Far East’s partner in the A$3.6 billion complex is New World Development chairman Henry Cheng’s...
Read moreEco World International Berhad (EcoWorld International) has received several “large offers” for its projects in the United Kingdom (UK) and Australia from institutional and retail investors. According to the company’s president and chief executive officer, Datuk Teow Leong Seng, the offers are currently being evaluated. “Should we decide to proceed with these offers, our plans...
Read moreNagaCorp Ltd will continue building its third casino, Naga 3, within the NagaWorld complex in Phnom Penh, Cambodia, while suspending operations in Russia following the war with Ukraine. The Cambodian hotel and casino complex operator announced last week that it had halted construction of the Naga Vladivostok gaming and resort development complex in Russia, which...
Read moreAccording to JLL’s latest Hong Kong Property Market Monitor Report, overall Grade A office leasing activity recorded net absorption of 647,100 square feet in January 2022, just before the pandemic took a turn for the worse. Hong Kong’s office market recorded positive net absorption for the fourth consecutive month, thanks to improving occupier demand and...
Read moreGerman semiconductor manufacturer Infineon Technologies will be building a third manufacturing line, or module, at its Kulim plant in Kedah, Malaysia. More than EUR2 billion (RM9.4 billion) will be channelled into the construction of this third module which will be responsible for boosting the production of wide bandgap semiconductors based on silicon carbide (SiC) and...
Read moreThe price of new apartments in Tokyo toppled a 30-year-old record in 2021 as rising demand from dual-income households and increasing construction costs boosted the Japanese capital’s once-moribund housing market. The mean price of new condos in the Japanese capital and surrounding areas hit 62.6 million yen (US$550,000) last year, topping the 61.2 million yen...
Read morei-City Properties (i-City) will collaborate with China Mobile International (CMIM) to construct the country’s first smart green corporate tower in i-City, Malaysia No. 1 technology city. According to Monica Ong, director of i-City, the corporate tower will be outfitted with 5G internet-enabled cameras and sensors to monitor the environment, energy consumption, and human traffic flow...
Read moreThe decision by the United States Federal Reserve (US Fed) to raise interest rates poses a potential threat to economic growth in emerging market economies; however, despite these challenges, Malaysia is well-positioned for economic growth and an improving real estate market, according to a new Juwai IQI analysis. Kashif Ansari, co-founder and group chief executive...
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