Market News
24 Mar
2016
Companies scaling back on office space per head
PETALING JAYA (March 24): Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.
23 Mar
2016
KL CBD office demand to outstrip new supply in 2018
PETALING JAYA (March 23): Kuala Lumpur’s central business district (CBD) office market – which includes the Kuala Lumpur City Centre (KLCC), the Golden Triangle and the city centre’s older commercial area – is expected to see higher absorption rates from 2016 to 2018, with demand expected to overtake new office supply of about 1.5 million sq ft, said JLL country head of Malaysia YY Lau.
22 Mar
2016
Asia Pacific office space demand up by 33% in 2015
PETALING JAYA (March 22): Despite the slowdown in the property market, demand for Asia Pacific’s office space increased by 33% in 2015 compared with 2014, said JLL’s head of research of Asia Pacific capital markets Megan Walters.
21 Mar
2016
Developers opt for strata route to sell buildings
PETALING JAYA: The rout on oil prices, the Klang Valley’s oversupply of office space and the overall soft property market have compelled developers to change tactics when selling their buildings.
21 Mar
2016
Opportunity for BAT to unlock land value
PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) shutting down of its facility here will help pave the way for the cigarette-maker to unlock the value of its land. The disposal marks a significant shift in strategy for the group’s operations in Malaysia, analyst reports said.
16 Mar
2016
Najib launches Warisan Merdeka project
PETALING JAYA: An iconic new Malaysian landmark is on the horizon with the launch of Warisan Merdeka by Prime Minister Datuk Seri Najib Tun Razak.
16 Mar
2016
Servcorp launches 14,000 sq ft serviced offices in Menara Ilham
KUALA LUMPUR (March 16): Servcorp Malaysia has launched its new serviced office suites and virtual offices here in Menara Ilham along Jalan Binjai today.
14 Mar
2016
BAT to close down PJ factory, lay off 230 workers
KUALA LUMPUR (March 17): British American Tobacco (Malaysia) Bhd (BAT) is closing down its factory along Jalan Universiti, Petaling Jaya, at the intersection that used to be a roundabout colloquially named after the tobacco company's former name Rothmans, following a challenging business environment.
04 Mar
2016
Chinese financial players shake up Hong Kong office market
HONG KONG (March 3): Mainland Chinese financial institutions have expanded their physical footprint in Hong Kong's prime business district at their fastest pace in five years, driving up rents and underscoring how Beijing's policies are reshaping the city.
01 Mar
2016
Singapore office vacancies to rise as economy falters
SINGAPORE (March 1): Vacancies at Singapore's gleaming office towers are nearing their highest level in almost a decade, with construction of the city-state's tallest building -- GuocoLand Ltd's 64-floor block in the financial district -- wrapping up just as the economy slows.