Market News
03 May
2016
Jalan Tun Razak Traffic Dispersal Project to reduce traffic congestion
KUALA Lumpur City Hall (DBKL) has finally unveiled the proposed RM900mil Jalan Tun Razak (JTR) Traffic Dispersal Project to reduce traffic congestion in the city centre.
02 May
2016
Mulia targets 2018 completion
KUALA LUMPUR: Mulia Group’s Signature Tower project, which is expected to command a gross development value of more than RM3.5 billion, will likely be the first project to be completed under the Tun Razak Exchange (TRX) master plan.
26 Apr
2016
Uptowners to have The Mall in a Park
DAMANSARA Uptown will have its own shopping centre come November; making it the first community mall developed in the neighbourhood and will be called Starling Mall.
21 Apr
2016
Napic: Performance of retail and offices softened in KL for 2015
PETALING JAYA (April 21): There was a drop in occupancy rate for retail spaces in Kuala Lumpur by 2.4% to 87.4% and 2.1% to 81.2% for purpose-built offices in 2015 from a year ago.
21 Apr
2016
Napic: Industrial property the only bright spot in Sarawak last year
PETALING JAYA (April 21): National Property Information Centre (Napic) revealed that industrial property was the only sub-sector that saw transactions improve in Sarawak (pictured) last year.
16 Apr
2016
TSR Cap to buy commercial land in Mutiara Damansara for RM48m
KUALA LUMPUR (Feb 16): TSR Capital Bhd proposes to buy a private company that owns a piece of land in Mutiara Damansara, Petaling Jaya that has been approved for the development of an office building, for RM48.1 million.
14 Apr
2016
S P Setia buys fourth piece of land in Melbourne for A$38m project
KUALA LUMPUR (April 14): S P Setia Bhd, the country's biggest-listed developer by sales, has acquired its fourth piece of land in Melbourne, Australia, which it intends to develop into a high-end residential project with a gross development value (GDV) of A$38 million.
01 Apr
2016
Ireka's 23% associate sells Aloft KL for RM418.7m
KUALA LUMPUR (March 31): Aseana Properties Ltd, a London-listed property developer in which Ireka Corp Bhd has a 23% stake, is selling the Aloft Kuala Lumpur Sentral Hotel in Malaysia (Aloft Hotel) to Prosper Group Holdings Ltd for RM418.7 million (US$104.6 million).
01 Apr
2016
DONE DEAL: Vertical Business Suites, Bangsar South
The Vertical Business Suites boasts six blocks of high-rise office towers and one block of hotel, set against a 6-acre park with water features.
28 Mar
2016
KL prime plot for sale
Land in golden triangle put on tender after 27 years of legal battles
PETALING JAYA: A 7.4-acre tract of freehold commercial land in Kuala Lumpur city has finally been put up for sale by tender, after a series of legal battles spanning 27 years and a few countries.