PETALING JAYA (Dec 28): The local property sector has seen more integrated developments, joint-venture developments, and relocation of foreign missions in the past decade, the Edge reported today.
The report also said multiple new records in property sales were set in the same period — the highest price per sq ft land deal, the biggest sum paid for an office block and the sale of the hotel with the largest room inventory.
The Edge reached out to seven real estate agents and property valuers to list their choice of the top 10 deals of the decade.
The seven surveyed are Rahim & Co International CEO of real estate agency Siva Shanker, CBRE|WTW managing director Foo Gee Jen, Exastrata Solutions Sdn Bhd CEO/chief real estate consultant Adzman Shah Mohd Ariffin, Savills Malaysia executive vice-president of asset management Alvin Tan, LaurelCap Sdn Bhd executive director Stanley Toh, Zerin Properties head of agency Shuchita Balasingam and JLL Malaysia country head Y Y Lau.
Six of the seven chose the sale of the 39-storey, Grade A Integra Tower in The Intermark as the deal of the decade while the TRX building came in a close second with five votes.
The Edge also reported that the property experts consider the sale of Renaissance Hotel Kuala Lumpur to be almost as significant as the TRX deal.
Read the full report in this week’s The Edge Malaysia
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