“The largest acquisition in the reviewed quarter was by Hartalega Holdings Bhd, which acquired 250 acres of industrial land in the Kota Perdana Special Border Economic Zone, Kedah for RM228.7mil, Hartalega intends to invest RM7bil to build 16 new glove factories in Malaysia’s northern region over the next 20 years," Savills said
PETALING JAYA: The value of major investment transactions in Malaysia grew 53% year-on-year to RM1.46bil in the first quarter of 2021, spurred mainly by properties within the industrial sub-sector.
Savills in its Asia Pacific Investment Quarterly report for the first quarter of 2021 said the industrial sub-sector led overall transaction value during the period, accounting for approximately 48% of the total, followed by commercial transactions at 22%.
Limited time offer:
Just RM5 per month.
