Market News
14 Jun
2018
Purpose-Built Office: 'Sector Still Stable'
THE purpose-built office sector in the Klang Valley has witnessed a significant increase in supply over the past few years.
28 Mar
2018
KL office market continues to struggle with oversupply but co-working space demand rising
PETALING JAYA (March 26): A stronger performing economy has not helped the Kuala Lumpur office property sector as it continues to struggle with an oversupply of new buildings amidst subdued leasing activities, said global consultancy firm Knight Frank.
16 Mar
2018
KL Sentral-Subang Skypark rail service starts early May
PETALING JAYA (March 16): The KL Sentral-Subang Skypark rail service is expected to commence in early May, said Keretapi Tanah Melayu Bhd (KTMB) chief operating officer Rani Hashim Samsudin.
27 Feb
2018
Malaysia's PNB gets Hyatt as hotel operator for upcoming world's 3rd tallest building
KUALA LUMPUR, Feb 27 (Reuters) - Malaysia’s largest government-linked fund management firm, Permodalan Nasional Bhd (PNB), has signed Hyatt Hotels & Resorts as the hotel operator for its tower development, expected to be the third tallest in the world when completed.
08 Jan
2018
MQREIT to dispose of property for RM28 million
KUALA LUMPUR (Jan 8): MRCB-Quill REIT (MQREIT) has announced that Maybank Trustees Bhd — as a trustee for and on behalf of MQREIT — has signed a sale and purchase agreement with Transmark Corporation Sdn Bhd for the disposal of a warehouse-cum-office building for RM28 million cash.
08 Jan
2018
MQREIT to dispose of property for RM28 million
KUALA LUMPUR (Jan 8): MRCB-Quill REIT (MQREIT) has announced that Maybank Trustees Bhd — as a trustee for and on behalf of MQREIT — has signed a sale and purchase agreement with Transmark Corporation Sdn Bhd for the disposal of a warehouse-cum-office building for RM28 million cash.
19 Dec
2017
Le Meridien owner buys Hilton KL for RM497m
KUALA LUMPUR (Dec 19): Japanese billionaire Katsumi Tada has sold his prized premium-class Hilton Kuala Lumpur Hotel (Hilton KL) in Kuala Lumpur Sentral (KL Sentral) here for ¥13.7 billion (RM497 million), to the owner of the hotel right next to it — the Le Meridien Kuala Lumpur.
21 Nov
2017
IJM Corp to build RM500m office tower at TRX
KUALA LUMPUR (Nov 21): IJM Corp Bhd is developing a RM500 million office tower at the Tun Razak Exchange (TRX) here.
This follows a share sale and purchase agreement signed today, which sees IJM acquiring Fairview Valley Sdn Bhd (FVSB), a subsidiary of TRX City Sdn Bhd that is building a 27-storey purpose-built commercial building at TRX. TRX City is the master developer of the upcoming international financial district.KUALA LUMPUR
02 Nov
2017
PHB to sell Menara Bumiputra-Commerce in KL
PELABURAN Hartanah Bhd (PHB), which has close to RM6 billion worth of commercial assets and land, has decided to sell its 39-storey Menara Bumiputra-Commerce in Jalan Raja Laut in Kuala Lumpur for as much as RM560 million, sources say.
12 Oct
2017
Tech changing office space trend as price down
KUALA LUMPUR: Technology is not only creating ripples in the retail scene. Two obvious trends are emerging in the Klang Valley office space.