News by M

We understand that the acquisition of Menara Shell is still in progress, and injection into MRCB-Quill REIT (MQREIT) could take place in early 2017.

Perak, which was once considered the jewel in the British colonial government’s crown, is slowly working to gain a competitive advantage with numerous industrial developments and by becoming a tourism hot spot the likes of Penang and Melaka.

Overall, capital values have grown slightly. Sutramas recorded a 23.1% y-o-y growth in average price to reach RM587 psf in the 12 months to 1Q2015. However, the average price had been skewed upwards by an unusually high sale at RM1,370 psf in October 2014.

Eco World Development Group Bhd’s (EcoWorld) 40%-owned BBCC Development Sdn Bhd ([BBCCD] and remaining stake of 40:20 held by UDA Holdings Bhd:Employees Provident Fund have entered into heads of terms agreements and memoranda of understanding (MoU) with Mitsui Fudosan (Asia) (MFA) and Zepp Hall Network for the development and leasing of a retail mall and a live concert hall respectively at its Bukit Bintang City Centre (BBCC) project.

In the 12 months to 1Q2015, the majority (64.9%) of secondary strata transactions were within the RM401 – RM600 psf price range. Another 16.4% were for properties priced between RM201 – RM400 psf. Sales valued over RM1,000 psf accounted for only 3.3% of transactions.

Germany recorded the strongest occupier activity in Europe’s industrial property market with 6 million sq m of space leased out last year, underpinning a record year in Europe’s industrial property market, said international property consultancy Cushman & Wakefield.

This is not the first piece of land in the city that LGM is monetising.

With limited land in Mont’Kiara, development activity has spilled over to neighbouring areas of Dutamas and North Kiara. Here Dutamas has been defined to include the properties along Jalan Dutamas Raya, an established upmarket condominium enclave within Segambut’s boundaries.

Sunway Construction Group Bhd (SunCon)'s subsidiary has been awarded a RM1.21 billion project by Mass Rapid Transit Corp Sdn Bhd (MRT Corp) to build a viaduct guideway and other associated works for the MRT Sungai Buloh-Serdang-Putrajaya Line (SSP Line).

Fundamental data is revealing that the sector may be undergoing a structural change, which may change the traditional property cycle altogether.