Market News
26 Feb
2016
72% of investors eyeing commercial properties in 2016
KUALA LUMPUR (Feb 23): About 72% of property developers, fund and real estate investment trust (REIT) managers and lenders intend to invest in commercial properties in 2016, despite 57% of respondents saying they are less optimistic on the sector’s outlook, according to a new survey by global property consultancy Knight Frank.
23 Feb
2016
Freeze on approval of hotel licences in KL
EXCLUSIVE: Kuala Lumpur City Hall (DBKL) will no longer issue hotel licences in the federal capital until further notice.
The ruling applies to all types of hotels ranging from the 6-star establishments to budget hotels.
23 Feb
2016
MITEC on track to be completed by June 2016
KUALA LUMPUR (Feb 22): The Malaysia International Trade and Exhibition Centre (MITEC) – poised to be the country’s largest exhibition space -- is currently at 88% progress and on track to be completed by June, according to KL Metropolis’ master developer Naza TTDI Sdn Bhd.
22 Feb
2016
5 Perfect Places For The Wine Connoisseur
Kuala Lumpur is a city that boasts crowded field of importers, restaurateurs, wine directors and sommeliers who are working diligently to support wine culture in Malaysia every possible way. We have come up with a list of wine bars and restaurants that will help you drink more, drink better, drink new things, all without spending too much money.
16 Feb
2016
More China investors to buy HK office buildings in 2016
HONG KONG (Feb 16): Hong Kong is expected to see more China investors acquiring office buildings in 2016, according to global commercial real estate services company Cushman & Wakefield.
16 Feb
2016
Oxley Holdings plans to open hotel and residences in KLCC area in 2020
PETALING JAYA (Feb 16): Singapore-listed property developer Oxley Holdings Ltd (Oxley) has announced it will open its 207-room So Sofitel Hotel and a 590-key So Sofitel Residences in the heart of Kuala Lumpur City Centre (KLCC) area in 2020, it said in a press statement today.
05 Feb
2016
The Ascent Paradigm Offices 50% taken up
PETALING JAYA: The Ascent Paradigm by WCT Holdings Bhd (WCT), which opened in the third quarter of last year, has seen half of its 504,084 sq ft total net lettable area taken up.
04 Feb
2016
Rental rates at malls still holding up despite sluggish market
PETALING JAYA: Rental rates at some of the biggest shopping malls in the country are still holding up despite concerns about sluggish retail sales
29 Jan
2016
Tropicana sells Dijaya Plaza to Kenanga IB for RM140mil
KUALA LUMPUR: Tropicana Corp Bhd has sold the 19-storey Dijaya Plaza at Jalan Tun Razak, Kuala Lumpur, to Kenanga Investment Bank Bhd for RM140mil in cash.
21 Jan
2016
Singapore office landlords have that empty feeling
SINGAPORE (Jan 21): Singapore's office landlords are among the world's most luckless right now, and they have builders to blame. The market already has an empty feel to it, and as developers add more space in a slowing economy, property owners' misery could keep compounding.