KUALA LUMPUR: Transactions within the residential property sub-sector is likely to see flattish growth in 2016 as buyer sentiment continues to remain subdued this year.
KUALA LUMPUR (Jan 11): Ekovest Bhd, controlled by tycoon Tan Sri Lim Kang Hoo, has been awarded the concession for the construction and management of the RM3.74 billion Setiawangsa-Pantai Expressway (formerly Duta-Ulu Klang Expressway (DUKE) Phase-3).
KUALA LUMPUR (Jan 5): Analysts said property developers with land bank in Seremban and Johor would be the main beneficiaries of the proposed 330km high-speed rail (HSR) linking Kuala Lumpur and Singapore.
Low oil prices hit O&G firms which pay top money for office space PETALING JAYA: Low oil prices and slowing economic growth have resulted in companies from across the board renegotiating their leasing agreements, property consultants say.
KUALA LUMPUR: Malaysia’s second-largest pension fund is planning a £270 million (RM1.7 billion) sale of an office building in central London, responding to a government call to repatriate funds to prop up the country’s ailing stock and currency markets.
KUALA LUMPUR (Dec 29): Pavilion Real Estate Investment Trust (Pavilion REIT) is buying The Intermark Mall, which forms part of The Intermark mixed-use development located at the crossroads of Jalan Ampang and Jalan Tun Razak here, for RM160 million cash, which will be fully funded through debt.
PETALING JAYA: The bleak long-term outlook of oil prices has gotten companies with operations in the Kuala Lumpur city centre readjusting their priorities in line with the situation.
BELIEVE it or not, the year 2015 can be considered one of the most vibrant in the history of the local property sector despite a general slowdown. There was no dearth of investors hunting for prized assets. After all, real estate is a good long-term investment.
A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end.
THE much-delayed flyover linking the Federal Highway to Section 7 Shah Alam near i-City is expected to open by February next year. The flyover’s project manager, PKNS Infra Bhd, said it would hand over the flyover to the Malaysian Highway Authority (LLM) and the Shah Alam City Council (MBSA) by mid-February.