Market News
13 Apr
2017
MCIS selling PJ headquarters
PETALING JAYA: Wisma MCIS and its annexe block, which is a fairly well-known landmark near PJ Hilton in PJ New Town, previously known as PJ State, is in the market for a sale and leaseback deal.
11 Apr
2017
Naza TTDI and Triterra to build corporate office towers at KL Metropolis
KUALA LUMPUR (April 11): Naza TTDI Sdn Bhd has forged a strategic partnership with Triterra Metropolis Sdn Bhd (Triterra) to kick-start an office development dubbed The MET Corporate Towers at the 75.5-acre KL Metropolis in Jalan Duta, Kuala Lumpur.
20 Mar
2017
Domestic demand to be key driver in Asia Pacific office markets
IN its latest Asia Pacific Prime Office Rental Index for 4Q2016, global property consultancy Knight Frank found that 12 cities out of 19 surveyed in the Asia-Pacific region have registered positive rental growth in 4Q2016, up from eight in the previous quarter. As a result, the rental index has increased 1.3% quarter-on-quarter (q-o-q) and 2% year-on-year (y-o-y).
18 Mar
2017
Brickfields’ commercial property market shines on
Colourful textile shops, aromatic Indian cuisine and the Indian cultural street decorations along Jalan Tun Sambanthan make Brickfields a vastly different world from its upmarket neighbours, KL Sentral and Bangsar, and just a little bit farther away, Kuala Lumpur City Centre and Bangsar South.
15 Mar
2017
Kuala Lumpur gains more attention from commercial property investors
KUALA LUMPUR (March 15): Kuala Lumpur and Bangkok are generating higher investor interest in direct commercial real estate investment, according to JLL’s newly released Investment Intensity Index.
13 Mar
2017
Office market — not all doom and gloom
DESPITE the current soft commercial office market, Khong & Jaafar Sdn Bhd managing director Elvin Fernandez believes that there are office units that still offer good rental yields.
“The office market in the Klang Valley, in general, has an overall supply of 122.37 million sq ft of office space, of which vacant office space accounts for 29.5 million sq ft.
13 Mar
2017
IOI Properties to build S$3.5 bil GDV office development on Central Boulevard site in Singapore
PUCHONG (March 13): IOI Properties Bhd is aiming to start construction of an office development with an estimated gross development value (GDV) of at least S$3.5 billion (RM11 billion) at its newly acquired site in Central Boulevard, Singapore by the end of the year.
11 Mar
2017
Multi-million ringgit homes
HAVE you ever wondered, for someone who can afford to dine on lobster caviar frittata as much as the average person chows down fried chicken wings, what kind of abodes would they indulge their earnings on?
03 Mar
2017
LTH buys UK building
PETALING JAYA: Pilgrim fund Lembaga Tabung Haji (LTH) is believed to have bought the headquarters of Centrica, the parent company of British Gas, that is located in Windsor, Britain.
The purchase was done via syariah-compliant investment bank, Gatehouse, that is based in London.
Gatehouse’s intention to purchase the office building was reported in October 2016 by CoStar News.
02 Mar
2017
IPC Shopping Centre at Mutiara Damansara to spot new look by December
PETALING JAYA (March 2): The 14-year-old IPC Shopping Centre in Mutiara Damansara in Petaling Jaya, Selangor, which is now undergoing a centre-wide facelift and upgrade, will be welcoming the public with a new look by the end of this year in conjunction with its 15th anniversary celebration.