Cloud kitchens and real estate
The cloud kitchen concept can impact the real estate industry significantly, especially the commercial, hospitality and industrial sectors, says JLL Property Services (Malaysia) Sdn Bhd.
The cloud kitchen concept can impact the real estate industry significantly, especially the commercial, hospitality and industrial sectors, says JLL Property Services (Malaysia) Sdn Bhd.
Sold for: RM2,450,000 (RM346.97 psf based on land size); Concluded by: Ong Chee Yong of Polygon Properties Sdn Bhd (REN 22613) (018-366 8687); When: January 2020
The return of the HOC was among the measures taken to boost the property sector under the Penjana Short-term Economic Recovery Plan announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday.
CBRE|WTW managing director Foo Gee Jen: But the HOC should also be extended to the secondary market. On average, about 65% of transactions are done in the secondary market in a given year.
Over 30 stores used to operate in SS15 Subang Jaya’s famed ‘bubble tea street’ — have the multi-coloured boba concoctions reached a saturation point? Are they losing their charm amid Covid-19 fears?
Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee: The main concern is bacteria such as those that cause Legionnaires' disease and other pathogens inside the building as there is no fresh air in the building.
For a start, no commercial buildings are designed to be shut down for months at a time. No one would have contemplated that this would happen, said Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee.
Rehda Malaysia president Datuk Soam Heng Choon: Throughout the 50 years of our formation, we have played a vital role in the betterment of the property industry and nation, by being a key partner to the government in its various initiatives.