Market News
08 Nov
2016
Titijaya teams up with CREC for RM2.1b Jalan Ampang mixed development
KUALA LUMPUR (Nov 8): Property developer Titijaya Land Bhd has teamed up with CREC Development (M) Sdn Bhd (CRECD) to develop a mixed development on a 6.06-acre site at the Embassy Row in Jalan Ampang, Kuala Lumpur.
08 Nov
2016
IOI Properties group member offers S$2.6bil for Marina Bay land
SINGAPORE: Wealthy Link Pte Ltd has made the highest bid of S$2.6bil (RM7.88bil) to buy land in Singapore’s downtown Marina Bay in a tender that attracted seven property developers, the government said on Tuesday.
06 Nov
2016
Botanica+Co in Bangsar South, the latest 'It' place in the city
DELIGHTFUL: Since opening its doors for business in June, the 110-seater Botanica + Co in Bangsar South is the latest ‘It’ place in the city, thanks to word of mouth endorsements about its idyllic ambience and good food, writes Suzanna Pillay
31 Oct
2016
MDEC, UOA Holdings sign MoU to set up Game Hub in Bangsar South
THE hub will provide infrastructure and facilities to search, train and grow local talent
The Malaysia Digital Economy Corporation (MDEC) and UOA Holdings Sdn Bhd have signed a Memorandum of Understanding (MoU), to cooperate in joint efforts to set up a Game Hub in Bangsar South with the objective of enhancing Malaysia’s game industry.
20 Oct
2016
Commercial and office space not facing glut despite slow take-up
COMMERCIAL and office space in the country is not facing a glut, although there is some slowdown in the take-up rate over the past few years.
Malaysian Institute of Estate Agents immediate past president Siva Shanker said traditionally, the occupancy rate has always been on the high 80s but has now come down to the low 80s.
12 Oct
2016
TRX attracts global interest
KUALA LUMPUR: Tun Razak Exchange (TRX), the swanky new financial address, here, is being sought after by international financial industry players who are looking “to take position”.
10 Oct
2016
KL office market undergoing a correction
THE Kuala Lumpur office market is in correction since the Ministry of Federal Territories tightened the approval for new such developments in the second quarter of the year in the face of an oversupply.
05 Oct
2016
Lion Diversified sells office cum factory in Melaka for RM30.5m
KUALA LUMPUR (Oct 5): Beleaguered steelmaker Lion Diversified Holdings Bhd is selling an office cum factory for RM30.5 million. Most of the proceeds from the sale will be used as working capital and some to settle part of its outstanding debt owed to the purchaser.
05 Oct
2016
KWAP buys Cap Square Tower for RM511 mil
CAP Square Tower in Jalan Munshi Abdullah, Kuala Lumpur, has a new owner. Kumpulan Wang Persaraan (Diperbadankan) (KWAP), the country’s second largest pension fund, has bought the 41-storey office building from Germany-based investment company Union Investment Real Estate GMBH for RM511 million or RM850 psf.
28 Sep
2016
GE Malaysia opens new office in KL Sentral
KUALA LUMPUR (Sept 28): GE Malaysia officially opened its new office yesterday at NU Tower 2 in KL Sentral, in conjunction with the company’s 40 years in Malaysia.