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.

In the retail sector, new space will be added in 2017 with an incoming supply of about 3.4 million sq ft, which will generate pressure on rental rates.

Outlook for the KL, Selangor office markets remain cloudy; retail sales growth to remain weak as consumers grapple with rising living cost and lower disposable income, says Knight Frank Malaysia.

Prices for the SoHo units with built-up sizes of 450 sq ft range from RM700 psf to RM750 psf while the retail units will be owned and rented out by EcoFirst.

By many accounts, CapitaLand Mall Trust is beginning to buckle at the seams amid the sluggish retail environment characterised by slow tenant sales and low shopper traffic.

Revenue for the quarter grew 6% to S$126.7 million, largely attributed to additional contribution from ART’s acquisition of Sheraton Tribeca New York Hotel in the US, which was completed in April 2016.

Rents for an unfurnished three-bedroom apartment across popular expatriate neighbourhoods in Hong Kong average US$10,189 (RM45,185) per month.

Banyan Tree Holdings and China Vanke Co have agreed to create Banyan Tree China, a new joint venture between Banyan Tree and Vanke, to consolidate the ownership of Banyan Tree-branded hotels and assets in China.

Tasco said it is buying the tracts with a combined area of approximately 16 hectares (39.52 acres) for RM113.83 million, and Mils Gold Chain stake for RM29.93 million from Swift Integrated Logistics Sdn Bhd.

The trust declared a final income distribution of 3.73 sen per unit, payable on Feb 28.