News by Hannah Rafee

Knight Frank Malaysia acquired real estate agency Property Hub Sdn Bhd in a joint venture (JV) and rebranded the agency as Knight Frank Property Hub Sdn Bhd. The new company will be integrated with Knight Frank Malaysia’s residential operations, acting as the key element of the company’s residential agency network.

Both parties agree to establish linkage and co-operation to maximise the utilisation of their resources through mutual cooperation and sharing of expertise in education, training and promotion to raise the profile and recognition of professional management in construction and projects for the benefit of the industry, its clients and society at large.

The Serenade forms part of The Glades, a 56-acre master planned development with a low density of only eight units per acre. The freehold, gated-and-guarded enclave has good connectivity and accessibility to commercial hotspots, hospitals, international schools, and public transportation hubs

The report’s objective is to provide an annual assessment of how wealth creation is shaping investment markets while highlighting the opportunities and risks.

At the document exchange ceremony on Thursday (Feb 10), the deputy state secretary of Johor (development) Datuk Mohammed Ridha highlighted the importance of close collaboration between the Johor government and private sector in realising the agenda of Johor state: “I am very pleased with Iskandar Investment Bhd (IIB)’s effort to understand the aspiration of (the) Johor government and embarking in an inclusive and sustainable project such as the MIH in Wawari, Iskandar Puteri.

The theme park enhancement project will be carried out in collaboration with China Mobile International (CMIM) to combine i-City’s City of Digital Lights with an immersive 3D Metaverse experience.

At the corporation’s outlook briefing on Wednesday (Jan 26), PKNS CEO Datuk Mahmud Abbas (pictured) said: “We are excited to roll out our development plans for 2022 and to see growth both economically and socially in the state of Selangor.”

"We have been quite aggressive in terms of acquiring land during the economic downturn; it is a good opportunity to acquire good assets. For example, during the economic downturn in 2007, we acquired 50% of the Citibank building and the land which Hap Seng 2 is sitting on, that was formerly owned by E&O," he said in a media conference on Wednesday (Jan 12). 

McCrea said: “There is a scramble to do something in the financial setting, and in the world of environmental, social and governance (ESG). We are seeing this being driven by big investment companies. It is definitely [linked] to the property sector — we have a lot of developers and managers who are involved. However, everyone is prickly about ESG risks.

Kua opined that the city’s future outlook is bright, believing that Kuala Lumpur will be a great city again when the borders open up.