Market News
31 Dec
2015
KWAP plans £270m UK asset sale
KUALA LUMPUR: Malaysia’s second-largest pension fund is planning a £270 million (RM1.7 billion) sale of an office building in central London, responding to a government call to repatriate funds to prop up the country’s ailing stock and currency markets.
30 Dec
2015
Pavilion REIT to buy The Intermark Mall for RM160m
KUALA LUMPUR (Dec 29): Pavilion Real Estate Investment Trust (Pavilion REIT) is buying The Intermark Mall, which forms part of The Intermark mixed-use development located at the crossroads of Jalan Ampang and Jalan Tun Razak here, for RM160 million cash, which will be fully funded through debt.
29 Dec
2015
Office space blues from oil and gas companies
PETALING JAYA: The bleak long-term outlook of oil prices has gotten companies with operations in the Kuala Lumpur city centre readjusting their priorities in line with the situation.
28 Dec
2015
KL office rental rates under pressure
A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end.
26 Dec
2015
The Intermark, TRX and KL Sentral stand out in 2015
BELIEVE it or not, the year 2015 can be considered one of the most vibrant in the history of the local property sector despite a general slowdown. There was no dearth of investors hunting for prized assets. After all, real estate is a good long-term investment.
25 Dec
2015
KL office rental rates under pressure
A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end.
21 Dec
2015
Flyover to Section 7 Shah Alam near I-city to open by February
THE much-delayed flyover linking the Federal Highway to Section 7 Shah Alam near i-City is expected to open by February next year.
18 Dec
2015
Fed Ends Zero-Rate Era; Signals 4 Quarter-Point Increases in 2016
The Federal Reserve raised interest rates for the first time in almost a decade, a widely telegraphed move that Chair Janet Yellen said would be followed by “gradual” tightening as officials watch for evidence of higher inflation.
15 Dec
2015
AmFirst REIT sells AmBank Group Leadership Centre for RM36mil
KUALA LUMPUR: Am ARA REIT Managers Sdn Bhd, the manager of AmFirst Real Estate Investment Trust (REIT), has sold off the 13-storey AmBank Group Leadership Centre, located within walking distance from the KL Tower, for RM36mil in cash.
04 Dec
2015
I-Bhd to launch RM829 mil project in Jalan Kia Peng
SHAH ALAM: I-Bhd will be launching its first city centre project, 8 Kia Peng, in 1Q2016. I-Bhd is the developer of the 72-acre i-City in Shah Alam.