The contract was for the construction of the stretch from Sungai Arip Bridge to Bintulu Airport junction.

“The market in Malaysia is too skewed towards the residential sector and not enough focus is being put into the development and promotion of alternative asset classes. We have to start revitalising other sectors in the property market.”

As more office landlords fight over a shrinking pool of tenants, owners will have to reduce rents further to entice prospective occupants, said Savills Malaysia executive chairman Christopher Boyd.

Miami Herald, quoting Genting Malaysia subsidiary Resorts World Miami's consultant's letter to the Miami-Dade County, reported that Genting Malaysia had floated an "unusual proposal" to the regulator.

Kerjaya Prospek Group Bhd has clinched a RM338.8 million contract from the joint venture of Nusmetro Property Sdn Bhd and Naza TTDI Sdn Bhd (Nusmetro-Naza TTDI JV) for main building works for a proposed mixed development project in Mont’Kiara here.

Developers need to change how shopping malls are developed to incorporate experiential engagement with consumers, Knight Frank retail consultancy and leasing associate director Rebecca Phan told TheEdgeProperty.com.

“The property market is going through a structural change as key property market drivers are also experiencing structural changes.”

But this slowdown will be manageable, said the Valuation and Property Services Department director-general...

Primary market property sales plunged in 1H2016 from a year ago, underpinned by the sluggish global economy and poor local market sentiments, according to preliminary figures by the Valuation and Property Services Department.

“This is in line with FIC’s goal to become another large investment company in Malaysia via highly viable diversified investments that could generate attractive returns in the long run.”