Page 2 - Foo Gee Jen News Today

GEORGE TOWN: Malaysia was one of the earliest supporters of China’s Belt and Road Initiative in developing infrastructure and connectivity, and will continue to support the initiative, says Datuk Seri Ismail Sabri Yaakob.

Datuk Teo Chiang Quan PETALING JAYA: The Malaysian property industry has lost an icon in Datuk Teo Chiang Quan, who passed away on Monday due to complications from an unexpected illness. To various property players and consultants, the Paramount Corp Bhd chairman and executive director will always be remembered as a mentor, a gentleman and his passion for the industry. Housing and Local Government (KPKT) Minister Datuk Zuraida Kamaruddin said Teo was an icon among Malaysian property developers ...

Apart from having a massive economic and environmental impact, the Covid-19 pandemic has radically changed people’s lives. Many have had to adapt to the new normal and living through lockdowns. This has led to homes becoming much more than just a space to live in. City & Country conducted a survey at the end of last year to find out whether the Movement Control Order (MCO) has had an effect on homebuyers’ preferences — for example, the size and location of the property — when it came to...

While patronage-reliant property sectors such as hotel and purpose-built retail were severely battered by the Covid-19 pandemic, the industrial sector continues to be the bright spot in the otherwise gloomy real estate market, said CBRE | WTW group managing director Foo Gee Jen during the virtual press launch of the property consultancy’s Real Estate Market Outlook 2021 report, titled “Restart the Uneven Recovery”, on Jan 25. According to Foo, regional logistics and warehousing will be a ...

At the launch of Rahim & Co’s 2020/2021 market review earlier this week, Rahim & Co real estate agency chief executive officer Siva Shanker said the recent spike in Covid-19 cases has pushed all hopes of a strong market recovery to 2022, at best WITH the recent spike in Covid-19 cases, any projected recovery that had been slated for the local property market for 2021 will likely have been deferred. However, that is not to say that there aren’t any opportunities to be tapped ...

Budget 2021 initiatives and HOC to spur demand

KUALA LUMPUR, Jan 25 (Bernama): The Kuala Lumpur-Singapore High-Speed Rail (HSR) project, which could have benefited property projects along its route, may be revisited by the government later, said CBRE | WTW group managing director Foo Gee Jen. He opined that when the local economy becomes more stable, the government might decide to reconsider the project, however, at the moment, the priority is on combating COVID-19 and sustaining economic growth. "I believe there will be a n...

Last year was a tough one for almost all property sectors. According to data from the National Property Information Centre (Napic), in 1H2020, Malaysia’s property market transaction volume and value decreased 27.9% and 31.5% respectively compared with the previous year. While most property consultants believe there should be some recovery this year, it will depend on the Covid-19 vaccine as well as the performance of the job market and economy.  Some consultants think there will be opportuni...

THE termination of the Kuala Lumpur-Singapore high-speed rail (HSR) project is a setback for the property developments that had hoped to tap the potential of the mega transport endeavour. While there has been talk of having a domestic HSR from KL to Johor Baru, there is no certainty as to whether it will materialise in the near term. Thus, the gestation period for Bandar Malaysia — the HSR terminus in KL — and Vision Valley 2.0 projects could take longer than planned. However, a corporate o...