New Investment in Iskandar Project by WCT RM180 M

Malaysia
Given Iskandar Malaysia's status as one of the country's top investment destinations, Irda expects an increase in demand for industrial propertiesdeveloped here. WCTpaid RM 180 million for a commercial plot in Johor Bahru – a sale that will furnish a one-time profit of RM 55 million to the Malaysia Building Society Bhd. With the current global economic uncertainties, defensive stocks such as real estate investment trusts (REITs) will remain in high demand among investors in Malaysia.

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