A L - S A L Ā M R E I T A N N U A L R E P O R T 2 0 2 1 60 MARKET REPORT SUMMARY 5,000 4,000 3,000 2,000 1,000 0 20,000 5,000 10,000 15,000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021f Semi-D Detached Overall No. of Units Overall Supply (No. of Units) There has been greater emphasis on Environmental, Social, and Governance (ESG). The termination of a contract in IM underscored an additional challenge labour shortage and catching up to the global standards of ESG. To help resolve the nationwide labour shortage, the Federal Government has announced to allow the entry of 32,000 foreign workers, with priority for the plantation industry. Several prominent transactions were noted : ● A sale and leaseback of XinHwa Pasir Gudang factory by Axis REIT for RM75 million in March 2021. ● An acquisition of 11.07 acres land by Shengda New Energy Sdn Bhd from MMC Corporation Berhad at Senai Airport City (SAC), for RM24 million, in April 2021, to expand manufacturing of solar panels. ● Tiong Nam Logistics purchase of a warehouse at Port of Tanjung Pelepas for RM30 million, with built up area of 158,013 square feet and 6.6 acres land. ● Land acquisition in Nusajaya Tech Park by China CDS in July 2021, for their data centre. ● Tiong Nam’s acquisition of 60 acres at Senai Airport City (SAC) for RM30 million. At the same time, Tiong Nam signed an agreement to lease 1.1 million square feet of warehouse space at SAC commencing 2023. In Batu Pahat, the industrial estates are almost fully occupied, mostly owner occupied. The industrial market will be stable in 2022. Industrial Property Supply In Iskandar Malaysia Note: Data for the full year of 2021 is based on estimation Source: NAPIC, CBRE, ǀ WTW Research (Extracted from CBRE/WTW Research: 2021 Real Estate Market Outlook Malaysia)
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