“This proposed acquisition brings excitement to the group as it enables us to tap into ETA World’s expertise in the construction and property development of industrial properties, enabling the enlarged group to take advantage and ride on the favourable prospects of the industrial property market.
“The board is optimistic that the demand for industrial properties is bright and will be contributing towards the profitability of Ewein.
In a research note on Friday (Jan 27), RHB stated that the new Budget 2023 could see a downward revision or reallocation of the previously budgeted RM95 billion development expenditure, while the sizeable Borneo block n the unity government will have positive implications for higher revised expenditure for Sarawak and Sabah.
PETALING JAYA (June 30): CBRE Global Investors has completed the sale of Mitsubishi Fuso portfolio in Japan comprising 169 properties for JPY$140.
PETALING JAYA (Dec 23): Property consultancy Knight Frank Malaysia has listed development sites and industrial properties as the star performers in Malaysia's commercial property segment in 2019 based on their decent transaction value growth.
PETALING JAYA (Sept 29): Property investors should consider diversifying their portfolio into alternative assets such industrial properties, offices and shops, rather than concentrating all their investments in a single type of property, according Axis REIT Managers Bhd head of investment Siva Shanker.
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