Office fit-out costs in Singapore rise to S$188 psf, highest in Southeast Asia
Among Southeast Asian cities, Manila had the second highest average office fit out cost at S$129 psf, followed by Bangkok at S$144 psf.
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.
DONE DEAL: Office, Megan Avenue 1, Jalan Tun Razak, Kuala Lumpur
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.
Shopping complex occupancy rises slightly y-o-y in 2023, office space remains flat
Based on Napic’s Property Market Report 2023 released on Wednesday, the occupancy rate of shopping complex retail space in 2023 rose to 77.
Asia Pacific commercial real estate investment volumes rise 3% in 4Q2023, says JLL
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: Logistic warehouses, data centres, Grade A premium offices to have most positive growth this 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 receives platinum for GreenRE certification
UOB Plaza 1 Kuala Lumpur was completed in 2022.
JLL: Asia-Pacific cold storage real estate value likely to cross US$2 bil in 2030
“Investment in cold storage has cooled from 2021 but has by no means peaked.
Pacific Senior Living launches senior living residence project in Klang
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.
Demand exceeds supply for green-certified Grade A office in KL – JLL report
Currently, the demand for green workspaces in KL is estimated to be approximately between 40% and 45% while supply only stands at 35%.
