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Occupancy rate for KL offices down to 77.9% as at end-2016

The average occupancy rate for offices in Kuala Lumpur declined to 77.9% as at end-2016, from 81.2% a year earlier due to new supply that came on stream, exceeding 320,000 sq m, according to the National Property Information Centre’s (Napic) Malaysian Property Market Report 2016 released today.

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S P Setia and I&P Group can source land from PNB, says Wahid

“This would be an opportune time for us to introduce PNB Development Sdn Bhd as our flagship landbanking company. With more than 9,000 acres of lands under its ownership, PNB Development can be a source for S P Setia and I&P Group to tap into, for their future projects,” said Wahid.

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