Land Pacific to unveil maiden project
LAND Pacific Development Sdn Bhd may be a new kid on the block, but it is very ambitious.
UOA Development's 1Q net profit rises 22.4%
KUALA LUMPUR (May 25): UOA Development Bhd saw its net profit rise 22.
Matt Lorrain: Head of Product Development and Design at SP01
WHO: Matt Lorrain’s (pictured) foray into furniture design was almost a fluke.
Oakwood keen to expand its presence in Malaysia
KUALA LUMPUR (May 16): International hospitality manager and operator Oakwood Asia Pacific aims to grow its presence in Malaysia through new partnerships and is seeking such opportunities with local property owners, said its sales, marketing and revenue management vice president Paul Stocker.
Tabung Haji drops office rents below prevailing rates near KLCC
A RECENT move by Lembaga Tabung Haji to lease its office space in Menara TH Platinum at Platinum Park, Kuala Lumpur, at way below market rental rates caught everyone by surprise and shocked real estate agents and office building owners.
DONE DEAL: Glomac Centro at Kayu Ara, Petaling Jaya, Selangor
Rented for: RM1,800 Concluded by: Edmund Chin of Propstar Realty (012-339 1260) When: March 2016 Noteworthy: • Leasehold • Intermediate office unit on the first floor with washroom • Built-up area: 1,637 sq ft • Near institutes of higher education such as KDU, KBU and SEGi College; within 15 to 30 minutes’ drive to shopping malls such as 1 Utama, The Curve, IKEA and Atria Shopping Gallery • Surrounded by mature townships such as Bandar Utama, Damansara Utama and Damansara Jaya Glomac Centro is a mixed development comprising 2-storey shop offices and a block of 29-storey serviced apartments in Kayu Ara, Petaling Jaya.
JLL: Asia Pacific cities dominate world’s luxury retail destinations
PETALING JAYA (May 10): Seven out of ten cities with the highest presence of luxury retailers are in the Asia Pacific, said international real estate services firm JLL in its recently-published “Destination Retail 2016” report.
Tips on choosing the best air-conditioner for your home
PEOPLE are using air-conditioners more due to the current hot spell and this has increased Malaysia’s electricity demand tremendously.
Property market dips in 2015, expected to stabilise
IN line with expectations, Malaysia’s property market in 2015 did not perform as well as it did in 2014.
KLCCP Stapled Group: Office rental income remains resilient
KUALA LUMPUR (April 13): KLCCP Stapled Group, which comprises units in KLCC real estate investment trust (REIT) stapled together with the shares of KLCC Property Holdings Bhd, expects a 1% to 2% revenue increase in the current financial year ending Dec 31, 2016 (FY16), as it adds 45,000 sq ft of office space to its office rental income.
