KUALA LUMPUR: Office rental is expected to come under greater pressure in about a year or two with landlords going as far as giving longer rent-free periods of up to six months and upon renewal of tenancy, said Sarkunan Subramaniam, managing director of real estate consultancy Knight Frank Malaysia.
KUALA LUMPUR: Global workplace provider Regus conducted a research recently which showed that about half the world’s workforce now enjoys flexible working arrangements at 48%, with Malaysia ahead of the curve at 53%.
PETALING JAYA: The Emkay Group is not ruling out the possibility of forming a real estate investment trust (REIT) sometime in the future.
KUALA LUMPUR: Selangor Dredging Bhd (SDB) has announced its plans to launch two new developments — SqWhere in Kota Damansara, Petaling Jaya and Jia1 in Taman Melawati, Ulu Kelang — with a total gross development value (GDV) of RM540 million in its 2014 financial year ending March 31 (FY14).
GEORGE TOWN: Hunza Properties Bhd sees positive take-up for Hunza Tower, its 10-storey office block at the new Gurney Paragon Mall, said executive chairman Datuk Khor Teng Tong.
PETALING JAYA: Retirement Fund Inc (also known as Kumpulan Wang Persaraan Diperbadankan or KWAP), which manages RM98bil worth of assets, has acquired its third commercial property in Australia for A$172mil (RM526mil).
KUALA LUMPUR: The Green Building Index (GBI) committee has requested for an extension of the current incentives given by the government to encourage more adoption of green buildings. The current incentives will end on Dec 31 next year.
PETALING JAYA: J & C Homes Holdings Sdn Bhd’s maiden project, Pinnacle PJ in Jalan Utara, Section 52, Petaling Jaya, has received very positive response from buyers
SELANGOR Dredging Bhd (SDB) unveiled its first commercial office property in the Klang Valley, The Hub@SS2 in Petaling Jaya, on June 22. Situated not far from its Ameera condominium development, this modern building will feature 13 units of four-storey retail offices and a 44-storey office tower with 276 Signature Suites. It has a gross development value (GDV) of RM337 million.
KUALA LUMPUR: The Nomad Group Bhd, an integrated provider of serviced offices, hotels and serviced residences, is looking for potential office space around the Klang Valley to open more new serviced offices in Kuala Lumpur and Selangor, says General Manager Cheng Shea Li.