The retail mall market is expected to take three to four years from now to improve as more malls open in the next few years adding to the oversupply in retail spaces, said Savills (Malaysia) Sdn Bhd managing director Allan Soo.
Econpile executive director and group CEO Raymond Pang said the latest contract win pushes the company’s order book to a record-high of RM1.4 billion.
South Korean investors are holding a positive view of the unlisted real estate market in the Asia Pacific and intend to increase their investments in the region over the next five years, according to a survey of the Asian Association for Investors in Non-listed Real Estate Vehicles Limited (ANREV) Korea Conference 2017 attendees.
According to the property consultancy firm’s “Malaysia Commercial Real Estate Investment Sentiment Survey 2017” (CREISS), the outlook for the logistics/industrial and healthcare/institutional sub-sectors, which enjoyed a fair performance last year, are expected to improve this year.
The signing of the three agreements will be followed with the issuance by EWI of its prospectus in respect of the IPO, which is expected in next month.
The initiative aims to assist contractors to maintain a healthy cash flow during these challenging times, and to encourage them to deliver better quality for BKP’s VERVE® Suites KL South project.
Besides being well equipped with tables, comfortable seats and cheerful messages to encourage students to persevere, The Study Room also has a “de-stress” corner for students to have some fun in-between swotting for selfies or wefies.
The outlook for the retail sector is expected to remain flattish this year due to multiple negative factors, said Savills (M) Sdn Bhd managing director Allan Soo.
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