News by Surin Murugiah

The hope for recovery this year was completely dashed recently when daily confirmed Covid-19 cases jumped to historical highs

The sale was listed by the New York Times (NYT) yesterday as among the most expensive residential buildings in New York City, and arguably the world’s most profitable resales.

In a joint statement today, ECRL project and asset owner Malaysia Rail Link (MRL) and engineering, procurement, construction and commissioning contractor China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said the final blast at Terowong Dungun on May 29, 2021 broke through the last barrier some 12 metres from the tunnel’s entrance portal.

The property developer said the campaign will cover three of its properties, comprising Mutiara Hills in Semenyih, Selangor; One Cochrane Residences in Kuala Lumpur; and Mutiara Rini in Skudai, Johor.

In the residential real estate sector, 2Q21 is likely to be a temporary setback, with 2H21 likely to be of a modest recovery path as income and employment prospects improve

... supported by the rollout of Covid-19 vaccines, a more stable business environment, and accommodative policies.

The company expressed interest in real asset investments including  land and warehouses and potentially create an industrial real estate investment trust (REIT) in future.

RSF said problems in Malaysia included a recent “anti-fake news” decree allowing the government to impose its own version of the truth.

... as crop yields fall, disease spreads and rising seas consume coastal cities.

This comes after the US listed Malaysia as "Level 4", signifying a “very high” number of Covid-19 cases in the country.