Media

New demand shifts and values in the rental market

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 and iBilik CEO Ken Lee says in an email: “The demand for rooms [versus whole units] has increased in the market. The requirement for the locations has changed; [we have clients who prefer] […]

GFG divested its Business Operations for RM32M

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. The divestment is part of GFG’s strategy to focus on growing its core platforms in Property Management and Property Technology (Prop-tech) business activities. The divestment of the […]

Star Media Group sells iBilik to GFG Group

PETALING JAYA: 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. The move follows a strategic decision by SMG’s management team to focus on its core online portals that would optimise […]


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