Market News
02 Apr
2015
New benchmark; developer selling 9 blocks of office space
PETALING JAYA: There is no shortage of takers for one million sq ft of office space coming onstream in Pusat Bandar Damansara at prices that are setting a new benchmark in the area despite the soft demand for this category of property.
01 Apr
2015
KWAP Completes RM1.06 Billion Acquisition Of Integra Tower
KUALA LUMPUR, April 1 (Bernama) -- Kumpulan Wang Persaraan (KWAP) has completed the RM1.065 billion acquisition of Integra Tower, its first property investment in the domestic market.
19 Mar
2015
1MDB, Lend Lease to undertake RM8b project in Malaysia's Tun Razak Exchange
KUALA LUMPUR: 1MDB Real Estate and Australian headquartered Lend Lease, have sealed their partnership to develop the Tun Razak Exchange's (TRX) lifestyle quarter, which will have a forecast gross development value (GDV) of RM8 billion upon completion.
18 Mar
2015
No GST on commercial unit rentals under RM500,000 a year, says Najib – Bernama
The Goods and Services Tax (GST) will not be imposed on rentals of commercial units below RM500,000 a year, says Datuk Seri Najib Razak.
17 Mar
2015
Prasarana: More BRT could be built at various locations
PETALING JAYA: With the pilot project of the elevated Bus Rapid Transit (BRT) Sunway Line set to be operational by June 9 this year, Prasarana Malaysia Bhd (Prasarana) says more can be expected to be built at various locations in the future.
05 Mar
2015
Office rental rates to remain stagnant
PETALING JAYA: Rental rates for office space in the Klang Valley is expected to remain stagnant in 2015 due to anticipated incoming supply of nearly six million sq ft this year.
05 Mar
2015
Fitters Diversified to redevelop Plaza Pekeliling into a SOHO concept building
KUALA LUMPUR (March 4): Property developer Fitters Diversified Bhd intends to redevelop the 2.3-acre Plaza Pekeliling along Jalan Tun Razak here into a small office/home office (SOHO) concept building.
03 Mar
2015
Property developer Plenitude offers to take over Nomad for RM278.84mil
PETALING JAYA: Property developer Plenitude Bhd has offered to take over The Nomad Group, which owns a string of properties in Kuala Lumpur and Penang.
13 Feb
2015
KL ranks seventh for most sustainable city to live in Asia Pacific
KUALA LUMPUR: Kuala Lumpur ranks seventh in Asia-Pacific and second in Southeast Asia after Singapore in the inaugural Sustainable Cities Index by Arcadis, an Amsterdam-based global natural and built asset design and consultancy firm
12 Feb
2015
Tropicana's focus on Klang Valley with potential GDV of RM24.5bil
PETALING JAYA: Tropicana Corp Bhd intends to focus more on development activities within the Klang Valley this year, where it has more than 1,000 acres of development land, with potential gross development value (GDV) of RM24.5bil.