“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.
In the JLL 1Q2025 press conference for the Malaysian property sector on Wednesday, JLL Malaysia managing director Jamie Tan shared that property hotspots, such as the central Klang Valley, Penang and Johor, are more prone to overbuilding as market sentiment improves.
DONE DEAL: Factory, Eco Business Park, Puncak Alam, Selangor DONE DEAL: Semidee house, Jade Hills, Kajang, Selangor Up to 61.
Loke also announced that he will visit Bangkok, Thailand, in either March or April this year to further discuss strategic collaboration aimed at improving the rail network, particularly the Pan-Asian rail system, which connects China, Singapore, and all countries in mainland Southeast Asia.
Both nations emphasised their commitment to fostering a stronger bilateral partnership based on mutual respect and a constructive approach to resolving issues, ensuring win-win outcomes without overshadowing the broader relationship.
“The development is envisioned as an international business hub and a liveable and inclusive city for the community.
Matrix Concepts will be jointly developing MVV City Phase 1 with the Negeri Sembilan state government (NS Corp), with the developer holding an 85% stake in the development and will be leading the development.
Despite this, Target 1 said it remains committed to ensuring that the EGM proceeds as planned and will take all necessary steps in accordance with the law.
Managing mixed developments can be daunting.
Under the preliminary agreement, Mara and Privasia are to form a special purpose vehicle for the project, which is to lease a 49.
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