Knight Frank Malaysia Executive Director of Capital Markets Allan Sim: With developers generally not focusing on industrial properties, funds and REITs will turn to existing industrial assets with strong tenant profile and lease covenants as potential acquisition targets.
Answering to curious netizens, he disclosed that he has spent around RM5,000 to makeover his room, including furniture, paint and other small items.
Rehda president Datuk Soam Heng Choon: Now if the ‘medicine’ is too strong, it is perhaps time to take it away
“Those with large unbilled sales may feel the cash flow constraints much later maybe 1.5 years later,” said Datuk Soam Heng Choon, Real Estate and Housing Developers’ Association (Rehda) president.
NawawiTie Leung Property Consultants director and regional head of research and consulting Saleha Yusoff: The situation is uncertain for property investors, even if you have money, why should you buy now if you are not under pressure to buy?
“Although there are teething problems, but we are confident that should everyone play their part, we will be able to face the challenges head on to minimise any adverse impact,” MBAM President Foo Chek Lee and REHDA President Dato Soam Heng Choon said in a joint statement.
Sold for: RM1.35 million (RM375 psf); Concluded by: Kashfi Sharifuddin (REN 00973) (012-216 1512) of Reapfield Properties (HQ) Sdn Bhd; When: January 2020
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