HONG KONG / SINGAPORE – As we head into 2022, a year dominated by a long list of  known unknowns, namely rising US inflation and rate-hike expectations, geopolitical tensions,  spike in COVID-19 cases and appearance of new variants. Such a long list of macro headwinds  implies that the first half of 2022 may look challenging: Price pressures look as though they might ease, but inflation could remain uncomfortably high for the first few months of the year.  However, prospects for the second half of 2022 look better, as inventory rebuilds and the  unwinding of supply chain disruptions are expected to fuel a more sustainable recovery than  the pent-up rebound of 2021.  

An improved growth picture and slower inflation are likely to bring global markets back to a  Goldilocks regime, which should be far better for market returns and general risk assets. 

Kuala Lumpur, 20 January 2022 – Remote and hybrid work have untethered many people from the need to be in an office every day, driving the biggest change to travel since the advent of commercial flying. For the first time, millions of people can now live anywhere. 

On Airbnb’s platform, we have seen:

- One out of every five gross nights booked in Q3 were for stays of 28 days or longer. 
- Nearly half of nights booked in Q3 were for stays of at least seven days, up from 44 percent in 2019. 

While usually associated with tourism, heritage and food culture, Malaysia’s northern state of Penang has also garnered prominence in recent times for its vibrant and dynamic property landscape.  Although the second smallest state in the country after Perlis, the state’s property landscape is second to none, garnering both local and international interest.

Of the many developers who have invested in Penang’s property infrastructure, few can boast a wide and impressive track record as that of Eastern & Oriental Berhad (E&O).