Challenging rental market to impact Axis REIT
New office supplies as well as potentially lower rental rates in suburban locations could spur a relocation of some tenants, which are also coping with lower business revenues.
New office supplies as well as potentially lower rental rates in suburban locations could spur a relocation of some tenants, which are also coping with lower business revenues.
The implications of this leadership race may not be as far-reaching as the presidential elections across the pond in the United States later this year; nonetheless, London’s mayoral election does attract a fair amount of attention.
Think City and DBKL will support the building owners in restoring the façades. At the same time, they will improve the pedestrian infrastructure to make it more walkable.
Mah Sing Group Bhd’s latest project, Cerrado Residential Suites, is in the Klang Valley and yet is surrounded by greenery, thanks in part to its location near the Bangi Forest Reserve. The project is within the developer’s largest township, Southville City, in Bangi.
Rental reversion rates are likely to be lower for upcoming expiring net lettable areas (NLAs) with slower year-on-year store sales growth.
Measuring a total of 350km with seven stops, the HSR line involves a double track on standard gauge to move trains that can run at speeds of more than 300kph. At least 60 four-car trains worth around RM5 billion are required to service this line.
Engineering company Purcon Group formed its property development arm eight years ago, when it already had 30 years of experience in construction under its belt. Today, the group has 16 projects in the pipeline, which it plans to launch in the next two to three years, with a total gross development value (GDV) of more than RM400 million. Its new projects include Serene Residences in Rawang and the first condo project in Lahad Datu.
In pursuing meaningful success, one’s intentions must be good, believes Datuk Jauhari Hamidi. “Everything starts with your nawaitu (intentions),” the managing director of Sime Darby Property Bhd (SDP) tells City & Country. “If they are honest, then you’ll be all right.”
According to the Property Market Report 2015 by National Property Information Centre (Napic) released on Tuesday, there were 362,105 transactions worth RM149.9 billion recorded in 2015, indicating a decline of 5.7% in volume and 8% in value.
Eastern & Oriental Bhd (E&O) confirmed that it will terminate the proposed listing of its overseas assets due to unstable global market conditions and exchange-rate volatility. It was reported earlier that it might defer the listing due to the weak UK stock market conditions.