Reinvigoration of development projects in the data centre and Johor regions still has room to play out, despite the sequential slowdown in data centre contracts in the second quarter of 2024 (2Q2024), the research house said in a note on Thursday.
With a GDV of RM80 million, Phase 1 of Batiq's 82 linked homes will have built-ups ranging from 2,113 to 2,183 sq ft and a land area of 28 ft by 60 ft.
This latest win marks Econpile’s fifth contract secured since the beginning of the year.
DONE DEAL: Semidee house, Section 13, Shah Alam, Selangor DONE DEAL: Condo unit, Verde Ara Damansara, Ara Damansara, Selangor In terms of tenant demographics, Bukit Ceylon, Kuala Lumpur, comprises a majority of commercial tenants at approximately 30%, followed by expatriates at 24%.
The hyperscale data centre will be built according to Google’s customised specifications and infrastructure requirements.
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In a thematic report on Wednesday, the house said Malaysia’s DC inventory could be 10 times what the industry built over the past 20 years, positioning it significantly ahead of Singapore, which is constrained by land scarcity and environmental regulations.
The URA does not merely entail urban redevelopment of private land, but disturbingly, also postulates the possibility of “privatisation” and “commercialisation” of public land — land gazetted and reserved by state authorities for public purposes under Section 62 of the National Land Code (Act 56 of 1965) and land owned by the Federal Land Commissioner (PTP).
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Ang, 58, is succeeding Lee Wee Kee, 59, who resigned on Monday (Sept 30) due to personal reasons after serving as group CEO for 19 months.
This follows the dismissal of GWSB's application to be placed under judicial management by the High Court in Kuala Lumpur on the same day.
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