INDUSTRY NEWS (26 JANUARY 2021)
Challenging times to continue for property market
The next couple of years will be the most challenging for property developers in Johor because of the economic slowdown brought about by the Covid-19 pandemic. Real Estate and Housing Developers Association (Rehda) Johor branch deputy chairman Ku Hwa Seng said the situation
Construction steel prices climb on higher iron ore cost, tight supply
Inadequate supply of iron ore worldwide is among the reasons why the price of steel bars in the country’s construction sector has increased, said Construction Industry Development Board (CIDB). Its chief executive Datuk Ir Ahmad ‘Asri Abdul Hamid said most of the iron ore
When flattish rental reversion is good news during a pandemic
In its results review of IGB REIT, CGS-CIMB Research noted that the real estate investment trust recorded a flattish rental reversion for FY2020 which the research house deems as positive and somewhat resilient compared to its retail mall peers in Klang Valley. This is
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