Malaysia's Budget 2024 has set its sights on optimizing subsidies, a move that is poised to have significant implications for the country's real estate sector. According to JLL's Malaysian 2024: Real Estate Key Highlights report, this budget aims to redirect resources towards development expenditure, ultimately supporting the nation's journey to becoming a developed nation. Key Highlights:...
The traditionally robust real estate sector now faces fresh challenges brought about by high interest rates and evolving work patterns, according to Benjamin Tay, Rajah & Tann Singapore LLP's Deputy Head for Corporate Real Estate. To maintain stability and continual growth, investment companies are adopting different strategies. Tay indicates that in these times of market volatility and uncertainty,...
2022 came in as a recovery year when the Covid-19 pandemic was recategorised into an endemic. Unfortunately, the Ukraine War, which started on Feb 24, has taken a toll on all international markets. This war is expected to continue more into the cold winter months and demand for oil and gas (O&G) will continue to peak resulting in higher fuel prices. This has also resulted in escalations in raw...