PETALING JAYA: Unlike in previous upcycles in Iskandar Malaysia, the slew of land transactions this time round mainly involves industrial properties – a sector that brings in investments with a multiplier effects for the construction and services industries.
The recent transacted industrial land prices of RM120-RM125 per sq ft indicates that there is an attractive upside to industrial property developer AME Elite Consortium Bhd’s remaining gross development value (GDV) for its industrial projects in Iskandar Malaysia, said RHB Research.
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