The current oversupply of office buildings especially in the Klang Valley has been plaguing the industry in recent years, but are we seeing any light at the end of the tunnel? How attractive are we as an office destination to global businesses? At TheEdgeProperty.
With a gross development value exceeding RM100 billion over 20 years, Forest City by Country Garden Holdings Co in Johor boasts of being the largest mixed-use green development in Southeast Asia.
SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.
PETALING JAYA (April 18): The average occupancy rate for offices in Kuala Lumpur declined to 77.
KUALA LUMPUR (April 18): AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market, said Amanah Raya Bhd’s (ARB) group managing director Adenan Md Yusof.
ACCORDING to CBRE’s 2017 Asia Pacific Occupier Survey, global economic uncertainty and a focus on cost savings are prompting MNCs to proactively adopt workplace strategies.
KUALA LUMPUR (April 11): Naza TTDI Sdn Bhd has forged a strategic partnership with Triterra Metropolis Sdn Bhd (Triterra) to kick-start an office development dubbed The MET Corporate Towers at the 75.
IN early March, Chinatown Hotel on Teck Lim Road was put up for sale.
IN its latest Asia Pacific Prime Office Rental Index for 4Q2016, global property consultancy Knight Frank found that 12 cities out of 19 surveyed in the Asia-Pacific region have registered positive rental growth in 4Q2016, up from eight in the previous quarter.
DESPITE the current soft commercial office market, Khong & Jaafar Sdn Bhd managing director Elvin Fernandez believes that there are office units that still offer good rental yields.
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