News by Hannah Rafee

Relaxation measures recently introduced by the government will help jumpstart the local market, according to Savills Malaysia.

The Crown Service Suites comprises four towers of 14-storey service suites with 323 units in total. The units range from 1,360 sq ft to 1,986 sq ft and are priced between RM1.26 million and RM2.43 million.

Ritzy, designer serviced suites have gained in popularity in recent times. These opulent residences are a result of the collaboration between developers and luxury brands, and have come about as purchasers grow more brand-conscious. Most of these projects, such as the Armani Residences at Burj Khalifa in Dubai and the Bulgari Residences in Knightsbridge in the UK, have been successful.

As the saying goes, home is where the heart is. But the rising number of local graduates leaving the country to pursue careers abroad is a cause for concern.

The Klang Valley has seen a slew of new landmarks and hangout spots such as the Empire Shopping Gallery, The Curve, and The Gardens over the past two decades. On weekends, patrons and urbanites from surrounding areas will stop by at these trendy places for a cup of coffee or for some quick shopping.

Since its launch in 2013, the Malaysia-China Kuantan Industrial Park (MCKIP) has secured RM19 billion worth of investments. Its master developer, Malaysia-China Kuantan Industrial Park Sdn Bhd (MCKIPSB) remains optimistic as it targets to attract another RM10 billion this year.

In many ways, the rural settlement of Yin Ma Chaung in the Magway Region of Myanmar is beautiful and untouched. The village is surrounded by scenic grassland and mountains, and farmers can be seen harvesting rice and selling fresh produce while little children play by the roadside.

The Kuala Lumpur office market will remain restrained in the near future despite opportunities for investors, institutional funds and real estate investment trusts.

In recent years, there has been a flurry of small office/home office developments in Subang Jaya — Empire SoHo, One SoHo, Nadayu28, You One Subang, Sunway Geo and da:mén, to name a few. Recognising the needs of small businesses, many developers seem to be looking to reconfigure their project layouts to offer products that suit this segment.

The Kuala Lumpur office market is in correction since the Ministry of Federal Territories tightened the approval for new such developments in the second quarter of the year in the face of an oversupply.