Market News
21 Jan
2016
Savills upbeat on local retail property market
KUALA LUMPUR: Real estate services provider Savills (Malaysia) Sdn Bhd is optimistic on the outlook for the retail property market in 2016 on the back of local and tourism spending despite economists warning of weak consumer sentiments this year.
18 Jan
2016
Container Hotel Group, Everly Group to jointly manage international youth hotel in Roppongi, Cyberjaya
CYBERJAYA (Jan 18): Container Hotel Group, Everly Group and BND Global Development signed a memorandum of collaboration to develop Cyberjaya’s first international youth hotel today.
15 Jan
2016
Icon City’s office tower ready for tenants
PETALING JAYA (Jan 15): Mah Sing Group Bhd's office building in the integrated Icon City, which is located at the intersection of the Federal Highway and the Damansara-Puchong Expressway (LDP), is open for lease.
14 Jan
2016
Tower REIT incorporates RM7.6 million in 2015 financial statements
Tower Real Estate Investment Trust (REIT) would incorporate RM7.6 million revaluation surplus from Menara HLA and HP Towers, into its financial statements as at December 31, 2015.
14 Jan
2016
CapitaLand Trust said to seek sale of Singapore office tower in Raffles Place
SINGAPORE (Jan 14): CapitaLand Commercial Trust, Singapore’s largest office real estate investment trust by value, is selling an office tower in the city-state’s central business district, according to a person familiar with the transaction.
13 Jan
2016
Downsizing in O&G sector will not affect KL office space
KUALA LUMPUR: The industry- wide staff reduction plaguing the oil and gas (O&G) sector is not expected to affect occupancy and rental rates of office buildings in Kuala Lumpur, CH Williams Talhar & Wong Sdn Bhd managing director Foo Gee Jen said.
13 Jan
2016
Residential property value to drop this year
KUALA LUMPUR: Transactions within the residential property sub-sector is likely to see flattish growth in 2016 as buyer sentiment continues to remain subdued this year.
11 Jan
2016
Ekovest gets concession for RM3.74b Setiawangsa-Pantai Expressway project
KUALA LUMPUR (Jan 11): Ekovest Bhd, controlled by tycoon Tan Sri Lim Kang Hoo, has been awarded the concession for the construction and management of the RM3.74 billion Setiawangsa-Pantai Expressway (formerly Duta-Ulu Klang Expressway (DUKE) Phase-3).
05 Jan
2016
Johor, Seremban developers to benefit most from HSR
KUALA LUMPUR (Jan 5): Analysts said property developers with land bank in Seremban and Johor would be the main beneficiaries of the proposed 330km high-speed rail (HSR) linking Kuala Lumpur and Singapore.
04 Jan
2016
Grade A office rent under pressure
Low oil prices hit O&G firms which pay top money for office space
PETALING JAYA: Low oil prices and slowing economic growth have resulted in companies from across the board renegotiating their leasing agreements, property consultants say.