As Malaysia transitions to the endemic phase of Covid-19, signs of economic recovery and growth have been apparent. According to the Knight Frank 1H2022 Real Estate Highlights report, the economy grew 5%, primarily supported by improved domestic and external demand, as well as continued policy support. Malaysia began moving to the endemic phase on April 1 this year, leading to the normalisation of economic activities.
JOHOR BARU, March 28 The Sedenak Tech Park (STeP) project, formerly known as the Kulai Iskandar Data Exchange (Kidex), will create about 1,600 high-skilled jobs in the field of information technology (infotech). Johor Mentri Besar Datuk Onn Hafiz Ghazi said the project in Sedenak, Kulai, which.
While patronage-reliant property sectors such as hotel and purpose-built retail were severely battered by the Covid-19 pandemic, the industrial sector continues to be the bright spot in the otherwise gloomy real estate market, said CBRE | WTW group managing director Foo Gee Jen during the virtual press launch of the property consultancy’s Real Estate Market Outlook 2021 report, titled “Restart the Uneven Recovery”, on Jan 25.
According to Foo, regional logistics and warehousing will be a primary prospect for the sector in the long term. “The growing demand for last-mile delivery facilities is in line with the expansion of e-commerce and the expectations of an increasingly sophisticated market,” he said.