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KUALA LUMPUR June 1. Despite a weak residential property market the industrial real estate market has thrived throughout both 2020-2021.

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Malaysian Resources Corp Bhd MRCB said its first quarter 1Q net profit soared 170 to RM1403 million from RM52 million a year ago helped by the full consolidation of the Light Rail Transit 3 LRT3 project.

. It will most likely take another 1-2 years before we see a recovery in the market looking at 2023-2024. Vietnams residential property market was affected badly throughout 2020 and 2021 due to the pandemic.

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