Amid the bewildering pandemic, job losses and a lower affordability level, the local rental demand has also shifted and witnessed a rising trend.
GFG Group ("GFG") announced today that it has divested its Room Rental Operation (RRO) portfolio, with over 6,000 rooms under its operation, to an undisclosed Singapore-based Co-living company.
Star Media Group Bhd (SMG) has disposed of iBilik, the group’s rental classified online portal, to the largest accommodation provider in Malaysia, GFG Group, as part of its strategy to optimise its business portfolio.
New demand shifts and values in the rental market
GFG divested its Room Rental Operations for RM32m to focus on helping Property Owners to generate income
SMG sells iBilik to GFG Group