Shareholders approve acquisitions, divestments, and green initiatives, boosting Johor’s property market dynamics.
Paragon Globe Bhd has secured shareholder approval for land acquisitions and divestments worth over RM400 million in Johor, signalling significant strides in property development and green initiatives. These strategic moves are expected to contribute to Malaysia’s growing digital infrastructure and sustainable development goals.
Paragon Globe Bhd, a Malaysian property developer, has taken decisive steps to expand its footprint in Johor with key land transactions. These include acquiring industrial and agricultural land while divesting other parcels to accommodate data centre developments. Shareholders also endorsed the company’s ESG-focused projects and a major joint venture in Danga Bay.
Singapore’s core inflation for November 2024 is expected to hold steady at 2.1%, marking a three-year low and reflecting price stability in the economy. Analysts at DBS Bank forecast an average inflation rate of 1.8% in 2025, aligning with the Monetary Authority of Singapore’s (MAS) projection of 2% for the fourth quarter. This steady inflation creates a favorable environment for potential policy adjustments.
Singapore’s unique monetary policy framework does not rely on interest rates but instead manages the Singapore dollar nominal effective exchange rate (S$NEER). The MAS can adjust the slope, mid-point, or width of the S$NEER band to control the currency’s value against a basket of trading partners’ currencies. This approach allows Singapore to respond flexibly to both domestic and global economic conditions.
Analysts suggest that MAS is likely to delay easing monetary policy until later in 2025. This cautious approach stems from the need to evaluate potential global trade disruptions caused by incoming US President Donald Trump’s trade policies. Experts argue that waiting for core inflation to fall consistently below 2% would provide a clearer signal for easing.
While most analysts advocate for caution, some, like Maybank’s Chua Hak Bin, believe MAS may opt to ease monetary policy as early as January. Chua cites expectations of further declines in inflation and moderating economic growth, projected to drop from 3.6% in 2024 to 2.6% in 2025. This contrasting perspective highlights the varying assessments of Singapore’s economic outlook.
Read More: Singapore Invokes Fake News Law Over Misleading Property Transparency Claims
Global trade uncertainties, particularly disruptions from Trump-era tariffs, are anticipated to lower import prices for Singapore. The diversion of China’s excess production capacity to international markets could exert deflationary pressures, further influencing Singapore’s inflation trajectory. These factors underscore the complexity of MAS’s decision-making process in the coming months.
Paragon Globe’s moves signal growth opportunities in Johor’s property market, with a strong focus on sustainability and digital infrastructure. These developments could bolster regional connectivity and create avenues for investment in Malaysia’s expanding economy.
Paragon Globe Bhd secures over RM400 million in Johor land deals, focusing on industrial growth, sustainable housing, and digital infrastructure. Shareholders also back a major joint venture in Danga Bay, reinforcing the company’s commitment to ESG principles.
Sources: NST, The Sun MY (2024)
Keywords: Paragon Globe, Johor Land Deals, RM400 Million
