KUALA LUMPUR (Jan 6): The industrial and logistics sectors will continue to be the top performing sector for 2021, predicts Savills Malaysia. It notes that Covid-19 has accelerated the growth in e-retailing businesses in both the warehousing and logistics sectors, and investors are actively looking at this strong asset class as an all-time favourite investment.
“Warehousing continues to be supported by the logistics sector and storage needs, and we see a strong pickup as e-retailing businesses continue to further improve. Brands continue to leverage on the infrastructure and capabilities of local and international e-commerce players. We also expect to see more deals flowing through in 2021 and the market to be more robust after a year of pandemic with slower action,” said head of agency Kevin Goh.
Thursday, 31 Dec 2020
JOHOR BARU: While issues and problems associated with Covid-19 hogged the limelight for most of the year, the southern state had plenty of noteworthy events over the past 12 months.
Among others, Johor saw a change of government and the appointment of the state’s third Mentri Besar since GE14; closure of two land crossings with Singapore; proposed setting up of a Johor Economic, Trade and Cultural Office (Jetco) office in Singapore; and Pasir Gudang being declared a city.
Others major events include the ongoing double-tracking project between Johor Baru and Gemas being delayed by another year and the ground-breaking ceremony for the Rapid Transit System Link (RTS) between Johor Baru and Singapore.
Businesses, including those in downtown Johor Baru, will see more visitors once the Rapid Transit System Link is up and running six years from now.
JOHOR BARU: The Rapid Transit System Link (RTS) connecting Johor Baru and Singapore will bring long-term benefit to the southern part of Johor.
Real Estate and Housing Developers Association (Rehda) Johor branch deputy chairman Ku Hwa Seng said Malaysia and Singapore could look forward to better connectivity and accessibility with the project.
“Iskandar Malaysia economic growth corridor is going to benefit the most from the project due its close proximity with Singapore, ’’ he said when contacted here.