Other commercial districts in Seoul were also affected by the Covid-19 pandemic. For instance, commercial spaces in Itaewon, Hongdae and Hapjeong are seeing vacancy rates ranging from 22.6% to 31.9%.
InvestKL is on track to reach its year-end target of 10 MNCs
The whole construction process took around 18 hours beginning on Nov 25, 2020, and the villagers were amazed by a new school erected overnight on the vacant plot in their village
Many common features of terraced houses still inherit the design concept prevalent in the 20th century, which, to a certain extent, is rarely suited to the current modern lifestyles, and is often criticised for its poor ventilation, lighting, and thermal comfort that could degrade its liveability
“KL is a foreigner-friendly city. Most foreigners find it easy to live and work in KL as they do not face the language barrier and the weather is comfortable.”
While the economy is getting more difficult with more businesses closing down and unemployment rate rising, Knight Frank Malaysia’s executive director of Research & Consultancy Judy Ong believes that the newly implemented six-month loan moratorium and the latest PEMULIH stimulus package will provide a breather to people impacted by the pandemic
As always, investors need to be discerning and do their research before making any decisions.
“This pandemic is not going to last forever. The only thing was that the pandemic just suddenly showed up and no one was prepared for it. But this is just a phase, it will pass.”
The company is known for its ongoing project The Sail Melaka. But it has other business segments too.
The once iconic five-storey Water Front City used to have more than 400 shops and an occupancy rate of almost 90%.
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