MPI buys land for new plant in China for RM15m
KUALA LUMPUR (Dec 23): Malaysian Pacific Industries Bhd (MPI) has entered into an agreement to invest in land for its new plant in Suzhou, China.
Asia Pacific office market expected to be upbeat next year: C&W
SINGAPORE (Dec 14): Singapore, Japan, and South Korea are predicted to experience “above-average growth in 2022” driven by strong demand for exports, says Cushman & Wakefield report entitled Catch 22 — Asia Pacific Commercial Real Estate Outlook 2022.
Office space rental rates grew at insignificant rate
PETALING JAYA (Dec 7): Gloomy outlook for the rental rates for Malaysia’s office space remain as supply and demand continue to mismatch while hybrid working models take over.
DONE DEAL: 4.5-storey shopoffice at Ampang Point Commercial Centre, Ampang, Kuala Lumpur
Read also DONE DEAL: 4.
DONE DEAL: 4.5-storey shopoffice at Ampang Point Commercial Centre, Ampang, Kuala Lumpur
DONE DEAL: Office at The Horizon II, Bangsar South, Kuala Lumpur DONE DEAL: Condominium at Mutiara Upper East, Kuala Lumpur Fronting the busy Jalan Ampang, Kuala Lumpur, Ampang Point Commercial Centre is one of the most vibrant commercial centres located in the Ampang vicinity.
AME bags RM359m construction project in Johor
KUALA LUMPUR (Oct 22): Integrated industrial space solutions provider AME Elite Consortium Bhd’s wholly-owned subsidiary AME Construction Sdn Bhd has been awarded a RM359 million contract to build a new integrated production facility, logistics warehouse, and office buildings for Ye Chiu Non-Ferrous Metal (M) Sdn Bhd.
JLL: Asia-Pacific real estate investment volume surges 30% y-o-y in 9M2021
KUALA LUMPUR (Oct 22): Asia Pacific real estate investment volumes continued to rebound strongly in the first nine months of 2021, up 30% compared to the same period in 2020.
Vacant malls and office spaces: Utilise them creatively, says NAPIC
KUALA LUMPUR (Oct 13): Purpose-built offices and shopping malls are seeing an all-time low occupancy rate for the first time in 20 years, hence, operators have to be more creative in utilising the vacant space in the new normal, said National Property Information Centre (NAPIC) deputy director of inventory Ari Adam.
Pressure on office and retail rents to remain as vacancy rates rise — BNM
KUALA LUMPUR (Sept 30): Despite various extensions of rental relief, up to half of mall operators reported significant difficulties collecting rents from their tenants in the first half of 2021 (1H21), according to Bank Negara Malaysia (BNM).
Impiana Hotel to develop Impiana Cherating with a GDV of RM380m
KUALA LUMPUR (Sept 29): Regional hospitality operator Impiana Hotel Bhd will commence the development of Impiana Resort & Residences in Cherating (Impiana Cherating) (pictured), Kuantan, which carries a gross development value (GDV) of RM380 million.
