ISKANDAR PUTERI: The Department of Environment (DOE) has shut down four premises here, while 30 others have been given compounds for failing to comply with the Environmental Quality Act 1974.
PETALING JAYA: AME Elite Consortium Bhd remains positive about demand for its industrial development based on the sustained high sales and bookings from local and overseas investors.
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.