Offshore: Global retail rents decline

Prime retail rents have fallen in almost every region across the world as the global recession impacts consumer sentiment and retail sales, according to new retail research from CB Richard Ellis (CBRE) in its Global Retail MarketView report.Demand for retail space has declined in most markets as consumers cut back spending and unemployment continues to rise in many countries.

City & Country: Great expectations

Synonymous in years past for its factories and manufacturing plants, Section 13 is on the cusp of “reinventing” itself into a vibrant commercial hub in the bustling city of Petaling Jaya.Factories have been operating in Section 13 since the 1960s, but in recent years however, the Petaling Jaya City Council (MBPJ) realised its growing potential for commercial activities.

City & Country: Making of the ‘new’ Bangsar

For low-profile developer UOA Holdings Sdn Bhd, a subsidiary of Australian Stock Exchange-listed UOA Ltd, interviews with the press are rare. The first time City & Country spoke to the developer was more than two years ago when it launched three residential developments simultaneously under the build-then-sell concept.

City & Country: The devil is in the details

The National Economic Policy (NEP) was implemented in 1971. The intentions were honourable and in time, the NEP has proved to be a nurturing ground for increased bumiputera equity in all areas of society and resulted in Malaysia’s majority community realising its future and pride.

Transforming PJ's Section 13

PETALING JAYA: The industrial appearance of Section 13 in Petaling Jaya, Selangor may give way to commercial properties if a proposed Special Area Plan (Rancangan Kawasan Khas or RKK) for the area is gazetted.

A RM31 million facelift for Hentian Puduraya bus terminal

KUALA LUMPUR: The current Hentian Puduraya bus terminall will be undergoing a RM31 million facelift.The Finance Ministry will allocate RM25 million for the facelift and the balance of RM6 million will come from UDA Holdings Bhd's (UDA) own funds, said UDA managing director Datuk Jaafar Abu Hassan during a press conference.Upgrading will be in three phases mainly to make the place more comfortab

Decline in vacancy for Australia's industrial property sector

SYDNEY: A slight overall decline in national vacancy has been recorded for investment grade industrial property in Australia, according to the Savills Industrial Stock Survey (SISS).Set as a new bi-annual benchmarking tool for the performance of the national industrial sector in Australia, the inaugural survey in September 2008 recorded a national vacancy rate of 3.2%.