Market News
09 Sep
2015
PHB plans integrated development in Bukit Bintang
SEVERAL buildings in the city centre near Bukit Bintang, built during the British administration, are expected to make way for a multi-billion ringgit integrated development project comprising serviced apartments, offices and a mall.
05 Sep
2015
Forty malls to enter the market in Greater Kuala Lumpur
THE Sunway Group expects the retail sector to be “extremely competitive” with 40 malls anticipated to enter the market in Greater Kuala Lumpur by the year 2020.
20 Aug
2015
Developer ropes in foreign partner for development of Damansara project
PETALING JAYA: In his typical style, Tan Sri Desmond Lim has once again managed to rope in a strategic foreign partner for a large-scale development in Kuala Lumpur.
06 Aug
2015
Lai Meng school land in Jalan Ampang for sale at RM400mil
PETALING JAYA: Magna Prima Bhd’s Lai Meng school property, located along Jalan Ampang, is still up for sale. It is looking for offers from interested buyers within a timeframe of about 1½ months.
04 Aug
2015
Syed Mokhtar's Tradewinds Corp plans multi-billion ringgit project on KL tract
KUALA LUMPUR (July 31): Tan Sri Syed Mokhtar Albukhary's Tradewinds Corp Bhd has acquired a 5ha (12.2 acre) land along Jalan Belfield here for RM258 million cash. A portion of the tract has been initially earmarked for a RM3.8 billion residential project.
04 Aug
2015
UEM Sunrise wraps up Melbourne 21-storey office tower purchase
KUALA LUMPUR: Property developer UEM Sunrise Bhd has completed the acquisition of a 21-storey office tower in Melbourne, Australia, for A$58mil (RM161mil).
22 Jul
2015
Office space rental rates to remain flat
PETALING JAYA: Rental rates for office space within the Klang Valley is expected to remain flat for the rest of 2015, as steady incoming supply will offset demand.
08 Jul
2015
Magna Prima receives offers from major players for sale of prime lands
KUALA LUMPUR (July 8): Magna Prima Bhd said it is in the process of evaluating the offers it has received for the prime lands it is looking to sell, which are located around the Klang Valley area.
08 Jul
2015
Factory space rentals seen retreating in some Klang Valley areas
PETALING JAYA: Factory space in selected areas within the Klang Valley could see a drop in rates, as lot owners struggle to find tenants, given the current market situation.
30 Jun
2015
One-stop centre for expat EP opens its doors
PETALING JAYA: The one-stop centre responsible for processing and issuing of all Employment Passes (EP) and other EP-related passes for expatriates working in Malaysia has officially begun operations.