logo
AREC, ARCHIDEX Position Malaysia At Forefront Of ASEAN Real Estate

AREC, ARCHIDEX Position Malaysia At Forefront Of ASEAN Real Estate

Barnama23-07-2025
KUALA LUMPUR, July 23 (Bernama) -- The integration of the ASEAN Real Estate Conference (AREC) and the Architecture, Interior Design and Building Exhibition (ARCHIDEX) 2025 positions Malaysia as a regional leader in real estate and urban development within ASEAN.
Deputy Prime Minister Datuk Seri Fadillah Yusof said the events — held simultaneously at the Kuala Lumpur Convention Centre (KLCC) and Malaysia International Trade and Exhibition Centre (MITEC) — place Malaysia at the heart of regional collaboration, while showcasing ASEAN's urban development priorities to the world.
He said AREC drives high-level policy dialogue and strategic insights from housing ministers, city leaders and developers, while ARCHIDEX complements it as Asia's leading exhibition, showcasing cutting-edge products, materials and solutions for architecture and the built environment.
'ARCHIDEX attracts over 56,000 visitors from over 110 countries, providing AREC with an influential international platform to elevate ASEAN's real estate and housing agenda to a global audience.
'Ultimately, our goal is to support the development and publication of practical, actionable and impactful strategies that reflect the unique social, economic and environmental context of ASEAN's housing landscape,' he said in his opening speech here today.
Fadillah, who is also the Minister of Energy Transition and Water Transformation, urged industry players and stakeholders to seize the opportunity during the four-day event to showcase new and emerging real estate innovations, and to foster collaboration among industry players.
He said both events serve as a collaborative platform to address challenges in the housing and real estate industry, with the aim of building a resilient, inclusive and forward-looking sector.
'We believe in innovation, not as a luxury, but as a necessity for resilience and progress. From advancing green buildings and climate-adaptive design to deploying digital land systems and prop-tech (property technology) solutions, innovation must be the engine that powers our housing policies and urban strategies.
'It is how we make our cities smarter, our developments more efficient and our communities more liveable. I therefore call upon all ASEAN member states, our industry partners and international organisations to keep this momentum alive through working groups, joint research, investment facilitation and annual progress reviews,' he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Datuk Amar Juma'ani Bridge boosts Kuching tourism and economy
Datuk Amar Juma'ani Bridge boosts Kuching tourism and economy

The Sun

time6 minutes ago

  • The Sun

Datuk Amar Juma'ani Bridge boosts Kuching tourism and economy

KUCHING: The Datuk Amar Juma'ani Bridge, a unique structure spanning Sungai Bintangor in Satok here, is set to add value to the city in terms of economic and tourism potential. Sarawak Premier Tan Sri Abang Johari Tun Openg said the value of community assets in the area is likely to rise with new developments taking place in the vicinity. 'This is not just about building a bridge — it also holds potential for future development plans, such as apartment construction and modern residential concepts, while at the same time preserving the identity of the original village. 'The bridge could become a tourist attraction. We could enhance the riverfront, perhaps by introducing boats similar to the gondolas in Venice. If Venice has gondolas, we can have our own version here,' he said at the official opening of the bridge, which was named in honour of his late wife, Puan Sri Juma'ani Tuanku Bujang, last night. Abang Johari said the area could become a popular spot for tourists to take photographs and buy souvenirs such as locally made handicrafts, thereby providing economic opportunities for the surrounding village community. The 108.5-metre-long bridge was built at a cost of RM50.6 million, with construction beginning in December 2019. - Bernama

Ringgit gains on weak US data, Fed rate cut expectations
Ringgit gains on weak US data, Fed rate cut expectations

The Sun

time36 minutes ago

  • The Sun

Ringgit gains on weak US data, Fed rate cut expectations

KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, supported by weaker United States (US) economic data that weighed on the greenback and prompted investors to reassess market sentiment, an economist said. At 8 am, the local note climbed to 4.2180/2315 against the greenback from Tuesday's close of 4.2260/2310. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama the weaker-than-expected US ISM Services Purchasing Managers' Index (PMI) reinforced expectations that the Federal Reserve may cut interest rates in September. 'Weaker US economic data, including last Friday's non-farm payrolls, has shifted the narrative. The likelihood of rate cuts is rising as policymakers seek to support growth,' he said. On the domestic front, Mohd Afzanizam noted that the ringgit had performed well against the US dollar but cautioned that some profit-taking may occur after its sharp gains over the past two days. 'We expect the ringgit to trade between RM4.22 and RM4.24 against the US dollar today,' he added. The ringgit was also mostly higher against a basket of major and regional currencies in early trade. It strengthened against the Japanese yen to 2.8795/8889 from 2.8618/8654 on Tuesday and rose against the British pound to 5.6197/6377 from 5.6159/6226. However, it slipped against the euro to 4.8954/9110 from 4.8772/8830. The ringgit advanced against the Singapore dollar to 3.2841/2949 from 3.2793/2834 and appreciated against the Thai baht to 13.0747/1229 from 13.0408/0627. The local unit also gained against the Philippine peso to 7.36/7.39 from 7.33/7.34 and firmed versus the Indonesian rupiah to 257.6/258.5 from 257.8/258.2. - Bernama

Ringgit rises on soft US economic data
Ringgit rises on soft US economic data

The Star

timean hour ago

  • The Star

Ringgit rises on soft US economic data

KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, supported by weaker United States (US) economic data that weighed on the greenback and prompted investors to reassess market sentiment, an economist said. At 8 am, the local note climbed to 4.2180/2315 against the greenback from Tuesday's close of 4.2260/2310. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama the weaker-than-expected US ISM Services Purchasing Managers' Index (PMI) reinforced expectations that the Federal Reserve may cut interest rates in September. "Weaker US economic data, including last Friday's non-farm payrolls, has shifted the narrative. The likelihood of rate cuts is rising as policymakers seek to support growth,' he said. On the domestic front, Mohd Afzanizam noted that the ringgit had performed well against the US dollar but cautioned that some profit-taking may occur after its sharp gains over the past two days. "We expect the ringgit to trade between RM4.22 and RM4.24 against the US dollar today,' he added. The ringgit was also mostly higher against a basket of major and regional currencies in early trade. It strengthened against the Japanese yen to 2.8795/8889 from 2.8618/8654 on Tuesday and rose against the British pound to 5.6197/6377 from 5.6159/6226. However, it slipped against the euro to 4.8954/9110 from 4.8772/8830. The ringgit advanced against the Singapore dollar to 3.2841/2949 from 3.2793/2834 and appreciated against the Thai baht to 13.0747/1229 from 13.0408/0627. The local unit also gained against the Philippine peso to 7.36/7.39 from 7.33/7.34 and firmed versus the Indonesian rupiah to 257.6/258.5 from 257.8/258.2. - Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store