Daily Industry News Update (8 December 2021)

INDUSTRY NEWS (8 December 2021)

RWKM initiative targets to provide 80,000 affordable housing units within 10 years

The Residensi Wilayah Keluarga Malaysia (RWKM) initiative targets to provide 80,000 affordable housing units within 10 years, or 8,000 units a year, until 2028, Datuk Seri Ismail Sabri Yaakob announced on Dec 7.

Office space rental rates grew at insignificant rate

Gloomy outlook for the rental rates for Malaysia’s office space remain as supply and demand continue to mismatch while hybrid working models take over.

TAED to be develop with new concept and master plan

The Sabah state government is set to revive the Tanjung Aru Eco Development (TAED) with a new concept and master plan, according to News Straits Times. During the State Legislative Assembly sitting on Monday (Dec 6), Sabah Chief Minister