News about CBRE

KUALA LUMPUR (Feb 21): Medical tourism will continue to support the growth of Penang’s hotel property sector which could also create multiplier effects on the northern region’s economy, said CBRE|WTW Penang branch director Peh Seng Yee.

KUALA LUMPUR (Feb 15): Real estate players are of the opinion that the 1km stretch closure to vehicles along Jalan Tuanku Abdul Rahman (TAR) would raise shop tenancy rates and revitalise the historical shopping thoroughfare.

  Gabungan AQRS Bhd CEO Datuk Azizan Jaafar says that its E'Island affordable housing project in Puchong, Selangor and The Peak, a high-rise residential project in Johor Bahru, will generate RM641 million in operating cash flow over the next four years.

KUALA LUMPUR (Jan 16): The government's plan to build one million units of affordable homes within the next 10 years can be achieved albeit being a tall order, said CBRE|WTW managing director Foo Gee Jen.

KUALA LUMPUR (Jan 16): The vacancy rate of Johor Bahru’s high-rise residences is expected to hit above 50% for the first time in 2019, said CBRE | WTW Johor Bahru (pictured) director Tan Ka Leong.

PETALING JAYA (Nov 2): The government’s move to increase the Real Property Gains Tax (RPGT) rate might send the wrong signal to the market, which is already “very soft” at the moment, and discourage foreign investments in the country, according to CBRE|WTW managing director Foo Gee Jen.

PETALING JAYA: The government should not implement new taxes on the real estate industry, especially counter-productive ones such as a vacancy tax, said the immediate past president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) Foo Gee Jen.

PETALING JAYA (Aug 8): The Perak Menteri Besar’s (MB) Residence along Jalan Raja Dihilir, Ipoh could probably command between RM120 – RM150 psf based on previous transactions on the same street, the size of the land and its prime location.

PETALING JAYA (July 3): Effective property management services create value for building  tenants and investors as they increase occupancy rates by encouraging lease renewals and tenant stability due to improved talent retention, according to a survey by international property consultancy CBRE.

KUALA LUMPUR (June 11): Property experts have dismissed concerns that the change of Bangsar South’s name back to Kampung Kerinchi will drive down prices of properties in the area.