Malaysia's property sector poised for sustainable growth in 2023, says Knight Frank
The residential property market staged a strong rebound in 2022 with a 22.
The residential property market staged a strong rebound in 2022 with a 22.
More than 50% of respondents are taking tangible steps towards ESG integration, either by establishing ESG plans or net-zero carbon targets.
The global shift towards ESG now means “from changing our behaviour, we can even make money”.
Based on the report, key data centre developments in Johor include JB1 by Open DC, Iskandar Puteri Core Data Centre (Nusajaya Tech Park) by VADS, Sedenak Tech Park by Yondr and SEA Data Centre by YTL among others.
Recovery in the residential property sector continues, albeit at a slower pace amid rising borrowing costs and growing inflationary pressure.
Move “is part of the company’s succession plan and is in line with its growth strategy, after commemorating its 20th anniversary last year”.
“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.
According to Knight Frank's latest report, the Asia-Pacific region is set to remain the world's fastest-growing region, despite ongoing stressors exacerbated by the Russia-Ukraine conflict and global financial volatility.
Its report also revealed that hotel occupancy in Kuala Lumpur has been rising since the start of 2022, reaching 60% in August 2022.
According to Knight Frank Malaysia, there is a renewed interest in co-working spaces.