Latest news with #AREC
Barnama
23-07-2025
- Business
- Barnama
AREC, ARCHIDEX Position Malaysia At Forefront Of ASEAN Real Estate
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.
The Sun
23-07-2025
- Business
- The Sun
ASEAN must lead real estate reform amid global challenges says Nga
KUALA LUMPUR: ASEAN must spearhead reforms in the real estate sector to navigate global economic volatility, rapid urbanisation, and structural changes, said Housing and Local Government Minister Nga Kor Ming. Speaking at the ASEAN Real Estate Conference (AREC) 2025, he described the region as facing a 'perfect storm' of challenges, including supply chain disruptions and fluctuating property demand. 'We stand at a pivotal moment where real estate is no longer just about buildings, but about building futures—where every citizen finds not just shelter, but dignity and opportunity,' Nga said. Citing UN ESCAP data, he noted that ASEAN's urban population is expected to grow by 90 million by 2030, requiring 10 to 12 million new housing units annually. However, market instability has impacted property sales, with luxury condominium prices in Ho Chi Minh City dropping by eight per cent due to oversupply, while industrial real estate surged by 22 per cent. Nga highlighted material price volatility as another challenge, with steel prices fluctuating by up to 30 per cent and the Malaysian ringgit weakening to RM4.80 against the US dollar before recovering. 'These uncertainties complicate supply chain planning by altering import and export costs,' he said. Beyond immediate issues, Nga outlined three irreversible shifts affecting the sector: sustainability demands, urbanisation pressures, and geopolitical capital repricing. 'Green features are no longer premium options but minimum requirements,' he said, noting that sustainable materials now add up to 15 per cent to construction costs. To future-proof the industry, Nga proposed an ASEAN housing model based on data-driven planning, public-private-people partnerships, and tailored solutions for member states. He cited Malaysia's Rent-to-Own (RTO) scheme as a successful example, aiming to boost homeownership from 77 per cent to 80 per cent by 2030. Nga also suggested forming a Regional Housing Policy Lab and an ASEAN Urban Agenda Progress Dashboard to monitor affordable housing and carbon reduction goals. As Malaysia chairs the UN-Habitat Assembly, he stressed aligning ASEAN strategies with the New Urban Agenda for inclusive and sustainable development. 'Housing is not about brick and mortar. It is about dignity, stability, and a shared future where no ASEAN citizen is left behind,' he concluded. – Bernama
Barnama
23-07-2025
- Business
- Barnama
ASEAN Must Lead Real Estate Sector Reform Amid Global Challenges
GENERAL KUALA LUMPUR, July 23 (Bernama) -- ASEAN must take the lead in transforming its real estate sector amid rising geoeconomic volatility, irreversible structural shifts and rapid urbanisation, said Housing and Local Government Minister Nga Kor Ming. Delivering his keynote address at the ASEAN Real Estate Conference (AREC) 2025 here today, Nga warned that the region is facing a 'perfect storm' of challenges, including supply chain disruptions, currency fluctuations and surging demand for urban housing. 'We stand at a pivotal moment where real estate is no longer just about buildings, but about building futures — where every citizen, from Kuala Lumpur to rural Cambodia, finds not just shelter, but dignity and opportunity,' he said. Citing data from the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP), he said ASEAN's urban population is projected to increase by 90 million by 2030, necessitating the construction of 10 to 12 million new housing units annually. At the same time, he said global uncertainties have dampened property sales, with luxury condominium prices in Ho Chi Minh City falling by eight per cent due to oversupply, while industrial real estate surged by 22 per cent, driven by shifts in regional manufacturing. Nga said the construction sector is also grappling with material price volatility, citing steel prices which saw fluctuations of up to 30 per cent, while the Malaysian ringgit fell to RM4.80 against the US dollar in April 2024, before recovering to RM4.20. 'These uncertainties complicate supply chain planning by altering the price of both imports and exports,' he noted. Beyond short-term shocks, Nga outlined what he described as 'three irreversible shifts' impacting the region's real estate sector — the sustainability imperative, urbanisation paradox and geopolitical repricing of global capital. 'Green features were once premium options, they are now minimum requirements from both regulators and consumers,' he said, adding that sustainable building materials now add up to 15 per cent to overall construction costs.
RNZ News
16-07-2025
- RNZ News
Missing Totara Park man found safe and well
Missing man Brett Carpenter. Photo: Supplied An Upper Hutt man missing since midday has been found. Police said 60-year-old Brett Carpenter, from Totara Park, was found safe and well on Wednesday evening after a large search effort - which included Land Search and Rescue, Fire and Emergency New Zealand, Amateur Radio Emergency Communications (AREC), and Community Patrol. Earlier, Upper Hutt residents in the suburb were asked to check their properties for the missing man, who has Alzheimer's. Carpenter was last seen about midday on Hartford Crescent, and a search and rescue operation was underway in the wider Upper Hutt area. Detective David Nichols said police had serious concerns for his safety and wanted help from the public. Nichols said the best thing people could do was check their properties and ring 111 immediately if they found him. He said Carpenter was tall and skinny, with grey hair and an unshaven face. He was last seen wearing a black sweatshirt and black trackpants with white stripes on the leg. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Mercury
04-06-2025
- Business
- Mercury
Michael Jordan's, Kobe Bryant's confidante reveals secret to their success - realestate.com.au
The man who helped Michael Jordan and Kobe Bryant to sporting immortality has revealed their 'most valuable' real estate. Speaking on the sidelines of AREC, Australasia's biggest real estate conference, during his first trip Down Under, Tim Grover shared his experiences working with some of the world's greatest athletes and what made them succeed. 'They realised the most valuable real estate was in between their ears,' Mr Grover said. Michael Jordan (L) and Scottie Pippen (R) of the Chicago Bulls during the height of their fame in the 1990s. Photo: Vincent Laforet. RELATED: Celebrity real estate mogul's Aussie housing crisis fix The $500 'whole of Australia' solution to housing 'disaster' 'Who's renting space up here and shouldn't be renting space? This is your space for you to occupy. Your behaviours, your emotions, your reactions. If you choose those things, you become disciplined.' Mr Grover was Jordan and Bryant's personal trainer and mindset coach for more than 15 years, during their tenures playing for the Chicago Bulls and LA Lakers. The CEO of Attack Athletics, who continues to coach and mentor athletes and business leaders, said their resilience and 'ability to always be in the moment' set them apart from other high performers. In this file photo taken on November 21, 2015, Kobe Bryant of the Los Angeles Lakers looks on during the Lakers NBA match up with the Toronto Raptors in Los Angeles, California. Photo: Robyn Beck. MORE: Buying a home 5 times harder now than in 1980 'They never thought about the previous moment or the next moment,' he said. 'They knew there was a price that needed to be paid for winning and they were willing to pay that price. I asked Kobe; 'What does winning mean to you?' He said; 'Winning is everything'.' It's advice many real estate agents in the audience appreciated after hearing Mr Grover's key note speech. 'You can't have winning without losing,' he said. 'They're partners. 'When you lose, you don't get real low, and when you win, you don't get real high. Don't celebrate for too long. Winning's job is to replace you.' Tim Grover training Michael Jordan in the 1990s during his tenure with the Chicago Bulls. Mr Grover also had some tips for dealing with rejection — in life or in business. 'Here's the thing about rejection. You have to master the art of rejection. When you get rejected you're in no worse spot than you were before.' He explained that it was important to understand why you fell, so that you could get up quicker next time it happened. 'When you get up, don't rush to get up, because if you rush to get up you'll be the exact same individual that fell down.' He had some tough words for people looking to succeed in property, or generally. 'In business, a lot of people think about success, but they never actually do anything about it,' he said. Tim Grover, Michael Jordan and Kobe Bryant's personal trainer and mindset coach, speaking at AREC on the Gold Coast. Image: AREC. 'When you start doing what's best for you, you're going to upset a lot of people. 'Stop spending time with individuals you don't like, doing things you don't want to do.' Along with Jordan and Bryant, Grover also coached such legendary names in basketball as Scott Pippen, Charles Barkley, Hakeem Olajuwon, and Dwayne Wade. The Australasian Real Estate Conference (AREC) also featured speakers such as former Vice President of the United States, Kamala Harris, Diary of a CEO podcast founder, Steven Bartlett, and Real Housewives of Beverly Hills star Mauricio Umansky.
