INDUSTRY NEWS (24 April 2021)
Residential property overhang seen easing
The Malaysian residential property market saw a slight improvement in its overhang situation last year, mainly due to a slowdown in transactions as a result of the global pandemic. Going into 2021, while there is still a fair bit of uncertainty out there, property consultants are
`Transit bus project to benefit developers`
The property sector in Iskandar Malaysia is expected to benefit immensely once the Iskandar Malaysia Bus Rapid Transit (IMBRT) is operational in four years’ time. Johor Real Estate Housing Developers Association branch chairman Wong Boon Lang said improvements in
Smaller construction firms buoyed by gradual improvement in economy
Small construction players listed on Bursa Malaysia appear to be the major beneficiaries of a nascent recovery in the economy although contracts secured from the private sector tend to be less tha n RMlOO million. Large contracts are hard to come by, owing to Putrajaya’s tight
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