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Chai, 64, will be appointed chief executive officer of IGB REIT and IGB Commercial REIT effective May 2, 2025.

Another young investor also shared insights on how Gen Z is redefining luxury, explaining that it’s now about making conscious spending choices rather than focusing on designer items.

The two REITs, which run malls and office buildings, said economic uncertainty and possible fuel subsidy cuts may lower mall spending and hurt tenants, while office space faces too much supply and demand for newer buildings.

The clarification came after the group announced via a bourse filing on Tuesday that it had filed a notice of discontinuance for the suit, which has been consolidated under a main suit.

EdgeProp Malaysia’s YouthFest 2025 spotlighted young property investors who have embarked on their journeys despite the perceived age and income barrier.

The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete.

The bank has also requested that a reserve price be set by the court and a licensed auctioneer appointed to handle the sale.

“As a result of the above decision, the adjudication decision has been enforced by virtue of Section 28 of the Construction Industry Payment and Adjudication Act 2012 as if it is a judgement or order of the High Court.

Of the West Coast Expressway’s 11 sections, eight have been completed and begun operations — the most recent being Section 2, which commenced in January this year.

While recognising the significant merits of the proposed Act in advancing urban renewal, MIP added that there “remains an opportunity to further enhance certain provisions to strengthen clarity, inclusivity, and practical applicability”.