Market News
24 Mar
2019
MAHB In JV With Singapore-Listed Boustead Projects To Develop Subang Aerospace Park
KUALA LUMPUR (March 23): Malaysia Airports Holdings Bhd (MAHB) and BP Aerotech (Subnag) Sdn Bhd plan to develop an aerospace and high-tech park within the Subang Aerotech Park to be leased to companies in the aerospace industry.
19 Mar
2019
InvetKL Attracts 12 MNCs, Investment of RM11.7 Billion in 2018
KUALA LUMPUR: InvestKL Corporation Sdn Bhd has attracted 12 multinational corporations (MNCs) with approved investments of RM2.3 billion last year.
08 Mar
2019
Paramount Targets RM1.3b GDV of Launches This Year
KUALA LUMPUR (March 7): Paramount Corp Bhd will be launching RM1.3 billion gross development value (GDV) worth of projects in 2019, as the developer targets sales of RM1 billion for the year, matching its performance in 2018.
08 Mar
2019
Empire City Set for End-2020 Completion
THE RM5 billion Empire City Damansara (ECD1) project, which was launched in 2011 in Damansara Perdana, is set to be fully completed before the end of next year.
16 Feb
2019
Malaysia's Largest Snack Company Moves KL Office To Colony@Mutiara Damansara
PETALING JAYA (Feb 15): Malaysia’s largest snack company, Mamee Double Decker (M) Sdn Bhd will be moving its Kuala Lumpur office to luxury coworking space Colony@Mutiara Damansara in Petaling Jaya, Selangor.
13 Feb
2019
RM40 Billion TRX to Welcome First Tenants in June
KUALA LUMPUR: The RM40 billion Tun Razak Exchange (TRX) project, which was embroiled in controversy over its links to state investment fund 1MDB, is expected to welcome its first tenants by the middle of the year.
12 Feb
2019
DBKL Caps Plot Ratio for Developments in Capital City
KUALA LUMPUR: Property projects, which were previously granted approval in principle with a higher plot ratio than what is permitted under the newly gazetted Kuala Lumpur City Plan 2020 (KLCP 2020), are required to seek fresh approval from Kuala Lumpur City Hall (Dewan Bandaraya Kuala Lumpur, DBKL).
12 Feb
2019
EPF Sells Wisma KFC to Singapore Company
THE Employees Provident Fund (EFP) has sold Wisma KFC in Jalan Sultan Ismail, Kuala Lumpur, to Singapore-based property developer and manager Royal Group. Sources say the 22-storey office building, which is believed to have been sold for about RM130 million, may be turned into a hotel.
09 Feb
2019
Evergrande in Talks to Buy HK office Tower from Malaysian Govt
HONG KONG: China Evergrande Group is in talks to buy a building in Hong Kong’s Wan Chai area owned by Malaysian government, Ming Pao reports, citing unidentified people familiar with the matter.
27 Jan
2019
PJ Office Buildings are Doing Better Than You Think
There seems to be little good news in the commercial office property sector amidst the current economic slowdown in Malaysia. The office sector in Kuala Lumpur city centre for instance is facing a glut, with office space set to be completed in the next few years.