Malaysia office space is facing glut issue instead of facing risk of WFH.

The SG Govt helping SME tenants to pay rents for July and August, on top of the property tax rebates given out in Mar this year.

This is the 4th budget,.. called the Bajet 'Kekuatan',....

https://www.businesstimes.com.sg/government...to-offset-rents

Our dpu's for this year have hopes now,....

Wrong thread?

This is for certain,... My commercial units find it a bit hard to rent out too with time-gap in-between tenants getting longer and longer,... but SG's incoming new supply for 2021 and onwards have been reduced.

I suspect,... MY's per sqm of Office space is cheaper than SG's, after conversion,...

Just wanted to ask a generic question here on IGBREIT. Why is it so popular? from recent announcements, AXREIT and Sunreit is better right? but I just see IGBREIT rising all the time while the others are stagnant?

Just wanted to ask a generic question here on IGBREIT. Why is it so popular? from recent announcements, AXREIT and Sunreit is better right? but I just see IGBREIT rising all the time while the others are stagnant?

Just wanted to ask a generic question here on IGBREIT. Why is it so popular? from recent announcements, AXREIT and Sunreit is better right? but I just see IGBREIT rising all the time while the others are stagnant?

KUALA LUMPUR (May 30): The Covid-19 pandemic and its economic fallout may have spooked many companies into putting their business plans on the back burner, but not IGB Bhd, The Edge reported today.

The property developer is marching ahead with plans to spin off its commercial assets into a commercial real estate investment trust comprising nine of its office buildings, and listing it on Bursa Malaysia.

Although IGB remains tight-lipped on the schedule for the planned initial public offering (IPO), sources say it could be as early as November.

“Yes, the plans are still on for IGB’s planned commercial REIT listing and would include the same list of assets announced to Bursa [Malaysia] in November,” IGB’s head of group strategy and risk Tan Mei Sian tells The Edge, without providing additional details.

Hong Leong Investment Bank had been appointed the principal bookrunner for the proposed REIT establishment and listing.

Of the nine office buildings in Kuala Lumpur to be included in the proposed REIT, seven are within Mid Valley City. They are Menara IGB, Centrepoint South, Centrepoint North, The Gardens South Tower, The Gardens North Tower, Menara Southpoint (excluding the residential units) and Boulevard Offices (Blocks 25 and 27). The remaining two — Menara Tan & Tan and GTower — are located in Jalan Tun Razak.

Collectively, the nine properties have some 3.5 million sq ft in net lettable area. A source estimates that “at an average price of RM900 to RM1,000 psf, the assets are roughly valued at between RM3.15 billion and RM3.5 billion”.

However, industry experts believe it may be better for IGB to defer the listing until the market recovers in order to obtain a better valuation for the proposed REIT, or to consider alternative listing options.

This is for certain,... My commercial units find it a bit hard to rent out too with time-gap in-between tenants getting longer and longer,... but SG's incoming new supply for 2021 and onwards have been reduced.

I suspect,... MY's per sqm of Office space is cheaper than SG's, after conversion,...

https://www.edgeprop.my/content/1688673/igb...kxgFSxSXiXvAjOw

IGB going ahead with commercial REIT IPO

This trigger me to think instead of Malaysian cross boarder everyday to Singapore, why they never thought of having their company in JB, and let Singaporeans come over to JB daily for work?
Rental Cheaper, everything is cheaper. Probably they don't need to pay Malaysian so much either.   

Tax?    law? Corruption?

Probably. But logically it make sense to move their business here. They dont even need to rent and able to buy their own buildings and lots of space. But i think its by law coz if everything goes to Malaysia, Singapore shipping business will be gone.

This trigger me to think instead of Malaysian cross boarder everyday to Singapore, why they never thought of having their company in JB, and let Singaporeans come over to JB daily for work?
Rental Cheaper, everything is cheaper. Probably they don't need to pay Malaysian so much either.   

Why not inject the Commercial properties into IGBREIT to make it largest REIT in Malaysia ?

Do compare the number of Singaporean companies headquartered in Malaysia compared with Malaysian companies headquartered in Singapore. Do also compare the container volume of Singapore compared to all ports in Malaysia combined.