Grade A prime office spaces continue to be in demand — JLL (Malaysia)
In the KL fringe market, there was also slight improvement in vacancy rate, decreasing from 7.
In the KL fringe market, there was also slight improvement in vacancy rate, decreasing from 7.
DONE DEAL: Shoplot, Denai Alam, Selangor DONE DEAL: Semidee house, Damansara Heights, Kuala Lumpur Previously known as the Circular Road, Jalan Tun Razak is one of the most lively thoroughfares in Kuala Lumpur’s Golden Triangle.
Based on Napic’s Property Market Report 2023 released on Wednesday, the occupancy rate of shopping complex retail space in 2023 rose to 77.
Yulia Nikulicheva, Head of Research & Consultancy, JLL Malaysia noted that investors in Malaysia also initially adopted a cautious approach towards real estate at the beginning of the year, however “towards the end of the year, investment activity picked up significantly, surpassing both the volumes and number of transactions seen in the previous year”.
JLL Malaysia logistics and industrial team member Derek Yap said warehouse absorption in Greater Kuala Lumpur remained robust last year, as demonstrated by the strong pre-commitment level from occupiers.
UOB Plaza 1 Kuala Lumpur was completed in 2022.
“Investment in cold storage has cooled from 2021 but has by no means peaked.
Repurposing the former four-star Merrida Hotel building in Klang, which ceased operations during the movement control order period, Acacia boasts a total of 136 rooms, featuring three layouts ranging from 312 to 592 sq ft.
Currently, the demand for green workspaces in KL is estimated to be approximately between 40% and 45% while supply only stands at 35%.
“The Selangor Land and Mines Office (PTGS) is refusing to release the titles unless we pay a 12% penalty.