News by Chelsea J Lim

Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), reported that it has achieved an 87.7% occupancy rate for its retail asset portfolio in 3Q2023, with Mahkota Parade, Melaka and Wetex Parade, Johor having reached 93%, while Kulim Central, Kedah achieving almost 98%.

The developer also bagged the sub-awards for Best Quantitative and Qualitative attributes, the first time a single company has won all three awards, scoring a hat-trick for Gamuda Land.

Glomac Bhd will be launching Loop Residences, the first phase of the 15.3-acre (6.19-hectare) Loop City with a gross development value (GDV) of RM1.6 billion, on Nov 11 to 12, said Glomac Bhd managing director and chief executive officer Datuk Seri Fateh Iskandar Mohamed Mansor (FD Iskandar) during the unveiling ceremony of Loop City at Lakeside Residence Sales Gallery, Puchong on Monday.

): I-Bhd has collaborated with CelcomDigi Bhd for the deployment of the telecommunications company's fibre infrastructure together with access to 5G and technology in the developer's i-City development in Shah Alam.

Airbnb, operator of an online marketplace for vacation rentals and tourism activities, recently teamed up with the Town and Country Planning Department (PLANMalaysia) to develop a set of guidelines for short-term rental accommodation (STRA) nationwide, it announced in a press release on Wednesday.

Property developer Grand Global Heights Development Sdn Bhd's Grand Damansara mixed development in Petaling Jaya has achieved a 75% take-up rate for its Lifestyle Suites tower since the office component's official launch last weekend (Oct 21 and 22), according to a press release issued on Tuesday.

The office markets in Kuala Lumpur City (KLC), Kuala Lumpur Fringe (KLF) and Decentralised (DC) areas have observed an increase in transacted and asking rents in 3Q2023, driven by the demand for smart and green buildings and the flight-to-quality trend predominantly of financial services companies and multinational corporations (MNCs), said JLL Property Services (Malaysia) Sdn Bhd director of office leasing advisory Quiny Lee at the launch of JLL’s 3Q2023 Greater Kuala Lumpur Property Market Monitor: Sectorial Market Overview here on Monday.

The emergence of a well-managed and well-planned industrial park with emphasis on environmental, social and governance (ESG) attributes and technology adoption will attract high-value investment, said Knight Frank Malaysia executive director Allan Sim at the Selangor Industrial Park Expo (SPARK) 2023 held at the Kuala Lumpur Convention Centre on Thursday.

The association noted that with the stagnant economy and the increase of OPR rates resulting in the increase in housing loan interest, many Malaysians will still be unable to afford to buy a house.

168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, has officially launched the last residential tower — Bole Residence, or Block B — in the leasehold mixed-use development 168 Park Selayang on Friday.