Demand for warehouses up but industrial overhang continues to rise
In terms of property type, semidee factories formed the bulk of the overhang, followed by terraced factories.
Primary market sales improved amid fewer new launches
Selangor recorded the highest number of new launches in the country last year, capturing nearly 17% (9,970 units) of the total launches nationwide.
Housing loan applications and approvals surged in 2019
JPPH noted that the property market's performance last year was boosted by various incentives by the government
Property overhang down 5% in 2019 but serviced apartment segment spiked
The number of overhang properties had decreased by 5.1% in volume and 5.2% in value to 30,664 overhang units worth RM18.82 billion respectively, according to the Valuation and Property Services Department (JPPH).
Malaysian property transactions up almost 5% in 2019
According to the Valuation and Property Services Department (JPPH), majority of the property segments have seen market improvements in transaction volume with the commercial segment recording the highest y-o-y growth of 7.2%, followed by residential (6%), industrial (3.8%) and agricultural (2%). However, development land transactions dropped 1.2%.
DONE DEAL: Office at The Gardens South Tower, Mid Valley City, Kuala Lumpur
Rented for: RM34,034 (RM7psf); Concluded by: Victor Lim (REN 09135) (019-280 2788) of CBD Properties Sdn Bhd; When: December 2019
Employers need to rethink work culture post MCO, says MEF
Malaysian Employers Federation (MEF) executive director Datuk Shamsuddin Bardan reminded employers to think of solutions that could enable employees to work remotely to ensure future operations will not be affected if an MCO, or something similar, happened again.
MEF: Fresh graduates will have tough time finding jobs
Malaysian Employers Federation (MEF) executive director Datuk Shamsuddin Bardan: It is estimated that around one million people might lose their jobs
Malls becoming more cost-efficient in light of Covid-19
Malaysia Shopping Malls Association (PPK) president and 1 Utama Shopping Centre director Tan Sri Teo Chiang Kok: Shoppers also feel safer when they see the cleaning being done throughout the day
Knight Frank Malaysia: Sabah tourism, hotel and leisure industry players have to diversify
Sabah’s hotel and leisure sub-sector and its related services had been hit hard since early this year, mainly due to the suspension of direct flights from China and South Korea.
