Market News
11 Oct
2017
KL prime office sector to see 2.5% rent growth in next three years — Knight Frank
KUALA LUMPUR (Oct 11): Knight Frank has forecast a 2.5% growth in prime office rents in Kuala Lumpur over the next three years, a growth rate which is ahead of the forecasts for two main cities in China — Shanghai and Beijing.
26 Sep
2017
China's CCCC to make KL its Asean hub, build tower at TRX
BEIJING: China Communications Construction Co Ltd (CCCC) intends to make Kuala Lumpur its hub for the Asean region as the port and construction group expands its footprint here.
16 Sep
2017
Lendlease gets okay for construction of TRX
PROPERTY and infrastructure group Lendlease Corp has received all the approvals to progress the Lifestyle Quarter of the Tun Razak Exchange (TRX) to the next stage and has moved into the construction phase of the development.
07 Sep
2017
Central i-City Shopping Centre to open end-2018
PETALING JAYA (Sept 7): Central i-City Shopping Centre, a joint-venture development by I-Berhad (I-Bhd) and Bangkok-based property developer and investor Central Pattana Public Co Ltd (CPN), is scheduled to open at the end of next year.
07 Sep
2017
Amanahraya REIT buys Intermark’s Vista Tower for RM455m
KUALA LUMPUR (Sep 7): Amanahraya Real Estate Investment Trust (ARREIT) is acquiring Vista Tower, a 63-storey office building, from The Intermark Sdn Bhd for RM455 million in cash.
22 Aug
2017
Prudential to move to Tun Razak Exchange by 2019
KUALA LUMPUR: Prudential will be relocating its headquarters to a 27-storey building in the upcoming Tun Razak Exchange here, Malaysia’s first dedicated international financial district.
15 Jun
2017
HSBC invests US$250m in new TRX headquarters
KUALA LUMPUR (June 15): HSBC Bank Malaysia Bhd is building a new US$250 million headquarters in Tun Razak Exchange (TRX) here.
01 Jun
2017
Wisma Selangor Dredging sold for RM480mil; special dividend in store
KUALA LUMPUR: Selangor Dredging Bhd (SDB) is selling its headquarters Wisma Selangor Dredging, located in the city centre, for RM480mil in cash.
01 Jun
2017
Wisma Selangor Dredging sold for RM480mil; special dividend in store
KUALA LUMPUR: Selangor Dredging Bhd (SDB) is selling its headquarters Wisma Selangor Dredging, located in the city centre, for RM480mil in cash.
18 Apr
2017
Occupancy rate for KL offices down to 77.9% as at end-2016
PETALING JAYA (April 18): The average occupancy rate for offices in Kuala Lumpur declined to 77.9% as at end-2016, from 81.2% a year earlier due to new supply that came on stream, exceeding 320,000 sq m, according to the National Property Information Centre’s (Napic) Malaysian Property Market Report 2016 released today.