Xeranti to revive 20-year abandoned project in Serendah
The development will span over 100 acres of leasehold land and be developed in five phases over seven years.
The development will span over 100 acres of leasehold land and be developed in five phases over seven years.
Of the 12 leases, AME REIT has successfully renewed leases with five existing tenants, obtained one replacement tenant, and confirmed lease renewals with six existing tenants, which will be finalised by end-FY2024.
“I am cautiously optimistic on the Malaysia property market going forward in the short-term perspective.
The residential property market staged a strong rebound in 2022 with a 22.
Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad: The repercussions of climate change are being seen worldwide, including recent heatwaves that have affected many Asian countries, increasing sea levels, and more regular flooding in our backyards.
The demand for warehouse space remains high, with manufacturers being the main drivers as they expand their logistics space.
With the adoption of a hybrid workplace, companies are also looking for space that offers greater flexibility of space planning.
Apart from that, rentals for condominiums in Singapore grew 32% annually in the first quarter of 2023, while the government has also imposed a steeper stamp duty starting April.
As the increase in legal fees is reasonable and not significant when compared against the property value or loan amount, it is not expected to cause a domino effect towards the rising cost of living or house prices.
The group is selling the property, via its wholly owned unit Metro Envy Sdn Bhd, to Gorgeous Arena Sdn Bhd (GASB), Tex Cycle said in a filing with Bursa Malaysia.