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.
Paragon Union said the disposal provides an opportunity for the group to unlock and realise the value of the property, which it expects to record a net pro forma gain of RM11.
“The emergence of well-planned and professionally managed industrial parks shows the transitional shift toward a new generation of industrial developments with an emphasis on ESG attributes and advanced technology adoption.
“By the year 2030, the sector is expected to achieve digitalisation in at least half of its cycle.
The land will be used as FoundPac Tech's new manufacturing facility, as it is less than a kilometre away from the unit's existing manufacturing facilities.
“Digital technologies are taking the world by storm, and have undoubtedly reshaped the way we do business.
To ensure sustainable growth of the construction industry, MBAM president Oliver Wee Hiang Chyn hopes the government will use its development budget to boost the adoption of the Industrialised Building System (IBS) and implement planned public projects, such as affordable housing.
The JV will construct the warehouse according to the tenants’ specifications.
Swift Haulage said the exercise provides an opportunity to unlock and realise the value of the property, which represents part of its non-core assets, whilst providing a surplus cash flow arising from the sale of the property.
Industrial sector continues to flourish Optimism for the growth of retail sector following a robust quarterly growth PETALING JAYA (Aug 9): The local industrial sector has seen steady growth while the retail sector is recovering with stable increase of occupancy rates, according to the Knight Frank Malaysia’s Real Estate Highlights for 1H2022 (REH).
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