Market News
28 Mar
2016
Land in golden triangle put on tender after 27 years of legal battles
PETALING JAYA: A 7.4-acre tract of freehold commercial land in Kuala Lumpur city has finally been put up for sale by tender, after a series of legal battles spanning 27 years and a few countries.
24 Mar
2016
PETALING JAYA (March 24): Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.
23 Mar
2016
PETALING JAYA (March 23): Kuala Lumpur’s central business district (CBD) office market – which includes the Kuala Lumpur City Centre (KLCC), the Golden Triangle and the city centre’s older commercial area – is expected to see higher absorption rates from 2016 to 2018, with demand expected to overtake new office supply of about 1.5 million sq ft, said JLL country head of Malaysia YY Lau.
22 Mar
2016
PETALING JAYA (March 22): Despite the slowdown in the property market, demand for Asia Pacific’s office space increased by 33% in 2015 compared with 2014, said JLL’s head of research of Asia Pacific capital markets Megan Walters.
21 Mar
2016
PETALING JAYA: The rout on oil prices, the Klang Valley’s oversupply of office space and the overall soft property market have compelled developers to change tactics when selling their buildings.
21 Mar
2016
PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) shutting down of its facility here will help pave the way for the cigarette-maker to unlock the value of its land. The disposal marks a significant shift in strategy for the group’s operations in Malaysia, analyst reports said.
16 Mar
2016
PETALING JAYA: An iconic new Malaysian landmark is on the horizon with the launch of Warisan Merdeka by Prime Minister Datuk Seri Najib Tun Razak.
16 Mar
2016
KUALA LUMPUR (March 16): Servcorp Malaysia has launched its new serviced office suites and virtual offices here in Menara Ilham along Jalan Binjai today.
14 Mar
2016
KUALA LUMPUR (March 17): British American Tobacco (Malaysia) Bhd (BAT) is closing down its factory along Jalan Universiti, Petaling Jaya, at the intersection that used to be a roundabout colloquially named after the tobacco company's former name Rothmans, following a challenging business environment.
04 Mar
2016
HONG KONG (March 3): Mainland Chinese financial institutions have expanded their physical footprint in Hong Kong's prime business district at their fastest pace in five years, driving up rents and underscoring how Beijing's policies are reshaping the city.