INDUSTRY NEWS (1 JUNE 2021)
Covid-19 and oversupply driving down prime office rent
The Covid-19 pandemic and the resulting economic fallout is aggravating a downward spiral on the Klang Valley commercial property market which started several years ago affecting malls and office space and the situation is unlikely to end well, industry sources said. VPC
PropertyGuru to Acquire REA Group Malaysia, Thailand Units
Singapore real estate startup PropertyGuru Pte has agreed to acquire all of the shares in REA Group Ltd.’s operating entities in Malaysia and Thailand, marking the biggest acquisition in its 14-year history. PropertyGuru will acquire iProperty.com.my and Brickz.my in Malaysia
Six property associations urge government to list property management as essential sector
Six property related associations in Malaysia have sent a joint memo to the National Security Council (MKN) and International Trade and Industry Ministry (MITI) to request for the property and facility management service as one of the essential sectors under Full
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